KPET Ultra Paceline Corporation (NYSE:KPET) Stock Short Interest Declines 57.5%

KPET Ultra Paceline Corporation (NYSE:KPET) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 113 shares, a decline of 57.5% from the August 31st total of 266 shares. Based on an average daily trading volume, of 7,614 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

KPET Ultra Paceline Stock Up 0.6%

Shares of KPET Ultra Paceline stock traded up $0.06 on Monday, hitting $10.05. The company’s stock had a trading volume of 20,319 shares, compared to its average volume of 7,150. The stock has a market cap of $291.42 million and a P/E ratio of 167.57. KPET Ultra Paceline has a 52-week low of $9.91 and a 52-week high of $10.21. The business has a fifty day moving average of $10.03.

KPET Ultra Paceline (NYSE:KPET) last posted its earnings results on Thursday, August 13th. The company reported $0.06 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on KPET Ultra Paceline in a research report on Monday, August 17th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, KPET Ultra Paceline presently has an average rating of “Sell”.

KPET Ultra Paceline Company Profile

KPET Ultra Paceline Corporation is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. KPET Ultra Paceline Corporation is based in New York.