Peace Acquisition Corp (NASDAQ:PECE) Sees Significant Decline in Short Interest

Peace Acquisition Corp (NASDAQ:PECE) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 3,965 shares, a decline of 71.4% from the September 30th total of 13,883 shares. Based on an average daily trading volume, of 32,122 shares, the days-to-cover ratio is currently 0.1 days.

Peace Acquisition Stock Down 0.0%

Shares of PECE opened at $10.03 on Wednesday. The company has a 50-day moving average price of $10.00. Peace Acquisition has a one year low of $9.87 and a one year high of $10.03.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Peace Acquisition in a report on Friday, August 28th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Peace Acquisition Company Profile

Peace Acquisition is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol PECE. Unlike an operating company, its primary purpose is to identify and complete a merger, share exchange, asset acquisition, or similar business combination with a private company.

Before completing a business combination, Peace Acquisition does not generally offer products or services of its own. Its activities are focused on evaluating potential target businesses, conducting due diligence, and negotiating a transaction intended to result in a publicly traded operating company.

Publicly available information about Peace Acquisition’s specific target, operating history, geographic markets, and leadership is limited.