Praetorian Acquisition Corp. (NASDAQ:PTOR) Stock Short Interest Report for September

Praetorian Acquisition Corp. (NASDAQ:PTOR) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 6,606 shares, an increase of 56.1% from the September 15th total of 4,231 shares. Based on an average daily trading volume, of 49,245 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Praetorian Acquisition Trading Down 0.1%

NASDAQ:PTOR traded down $0.01 during mid-day trading on Friday, hitting $9.97. The company had a trading volume of 196 shares, compared to its average volume of 37,669. The business has a fifty day simple moving average of $9.97 and a 200-day simple moving average of $9.92. Praetorian Acquisition has a 1 year low of $9.77 and a 1 year high of $10.04.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Praetorian Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Praetorian Acquisition Company Profile

Praetorian Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating businesses. The company does not operate a conventional commercial business and does not manufacture products or provide services of its own.

Its primary corporate activities include evaluating potential merger partners and pursuing transactions such as a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.