Proem Acquisition Corp I (NASDAQ:PAAC – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 1,351 shares, a growth of 531.3% from the June 15th total of 214 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 681 shares, the short-interest ratio is currently 2.0 days.
Proem Acquisition Corp I Price Performance
PAAC traded down $0.01 during trading on Monday, reaching $9.95. The company had a trading volume of 289 shares, compared to its average volume of 15,051. Proem Acquisition Corp I has a 12-month low of $9.83 and a 12-month high of $10.00.
Analysts Set New Price Targets
Separately, Weiss Ratings assumed coverage on Proem Acquisition Corp I in a research report on Tuesday, June 30th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
About Proem Acquisition Corp I
Proem Acquisition Corp I is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
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