Short Interest in Patriot Acquisition Corp./CI (NASDAQ:PTACU) Increases By ∞

by · The Cerbat Gem

Patriot Acquisition Corp./CI (NASDAQ:PTACU – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 48,107 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 205,997 shares, the days-to-cover ratio is presently 0.2 days.

Patriot Acquisition Corp./CI Price Performance

Patriot Acquisition Corp./CI stock remained flat at $9.99 during midday trading on Friday. Patriot Acquisition Corp./CI has a 52-week low of $9.93 and a 52-week high of $10.03.

Patriot Acquisition Corp./CI Company Profile

(Get Free Report)

Patriot Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses.

As a SPAC, the company does not have commercial operations of its own and is organized to identify and complete an acquisition opportunity. Its efforts are typically focused on evaluating target businesses across a range of industries and geographies, though specific target criteria may vary based on the company’s formation documents and management strategy.

Because Patriot Acquisition Corp.

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