Short Interest in Praetorian Acquisition Corp. (NASDAQ:PTOR) Rises By 75.5%
by Scott Moore · The Cerbat GemPraetorian Acquisition Corp. (NASDAQ:PTOR – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 8,935 shares, an increase of 75.5% from the July 30th total of 5,090 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 77,185 shares, the short-interest ratio is currently 0.1 days.
Analysts Set New Price Targets
Separately, Weiss Ratings started coverage on shares of Praetorian Acquisition in a research note on Tuesday, June 9th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on PTOR
Praetorian Acquisition Stock Performance
Shares of PTOR stock traded up $0.01 during mid-day trading on Tuesday, hitting $9.99. 14,914 shares of the stock traded hands, compared to its average volume of 34,672. Praetorian Acquisition has a twelve month low of $9.77 and a twelve month high of $10.04. The stock’s 50-day simple moving average is $9.96.
About Praetorian Acquisition
Praetorian Acquisition Corp is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.