KPET Ultra Paceline Corporation (NYSE:KPET) Shares Shorted: Short Interest Down 57.5% in September

KPET Ultra Paceline Corporation (NYSE:KPET) was the target of a large 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 7,614 shares, the days-to-cover ratio is currently 0.0 days.

KPET Ultra Paceline Stock Up 0.4%

Shares of KPET stock traded up $0.04 during trading hours on Tuesday, reaching $10.03. The company had a trading volume of 20,319 shares, compared to its average volume of 4,826. KPET Ultra Paceline has a 12 month low of $9.91 and a 12 month high of $10.21. The firm has a fifty day moving average of $10.03.

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

Analysts Set New Price Targets

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

About KPET Ultra Paceline

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.