Pine Tree Acquisition Corp. (NASDAQ:PAXGU – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 691 shares. Based on an average trading volume of 371,770 shares, the short-interest ratio is currently 0.0 days.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Pine Tree Acquisition to a “sell” rating in a report on Saturday, October 10th.
Read Our Latest Research Report on Pine Tree Acquisition
Pine Tree Acquisition Stock Performance
Shares of Pine Tree Acquisition stock opened at $10.03 on Monday. Pine Tree Acquisition has a twelve month low of $9.95 and a twelve month high of $10.04.
About Pine Tree Acquisition
Pine Tree 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 have significant operating activities of its own and was established to raise capital through an initial public offering for the purpose of pursuing a merger, acquisition, or similar transaction.
Its publicly traded units, represented by the Nasdaq symbol PAXGU, generally consist of shares of common stock and accompanying warrants.
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