Paloma Acquisition Corp I (NASDAQ:PALO) Shares Shorted: Short Interest Down 38.8% in October

Paloma Acquisition Corp I (NASDAQ:PALO) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,345 shares, a decline of 38.8% from the September 30th total of 2,196 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 9,631 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Paloma Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Paloma Acquisition Corp I Stock Down 0.1%

PALO traded down $0.01 during trading hours on Tuesday, reaching $9.99. 561 shares of the company’s stock traded hands, compared to its average volume of 5,397. Paloma Acquisition Corp I has a 52-week low of $9.84 and a 52-week high of $10.08. The company’s 50-day moving average price is $10.00.

Paloma Acquisition Corp I Company Profile

Paloma Acquisition Corp I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Its potential transaction may take the form of a merger, share exchange, asset acquisition, share purchase, reorganization or similar corporate combination.

Unlike an operating company, Paloma Acquisition Corp I does not have established commercial products or services of its own. Its activities are primarily focused on evaluating prospective target businesses, conducting due diligence and negotiating a transaction that could result in a private company becoming publicly traded.

The company was organized as a blank-check company and has not publicly identified a completed operating business in the information available here.