Praetorian Acquisition Corp. (NASDAQ:PTOR) Sees Large Drop in Short Interest

by · The Cerbat Gem

Praetorian Acquisition Corp. (NASDAQ:PTOR – Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 5,090 shares, a decline of 84.6% from the July 15th total of 33,143 shares. Based on an average daily volume of 17,897 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Praetorian Acquisition Stock Performance

Shares of NASDAQ:PTOR traded up $0.01 during trading on Wednesday, hitting $9.97. The company’s stock had a trading volume of 53,595 shares, compared to its average volume of 37,523. Praetorian Acquisition has a fifty-two week low of $9.77 and a fifty-two week high of $10.04. The firm’s 50-day simple moving average is $9.95.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of Praetorian Acquisition in a report on Tuesday, June 9th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Praetorian Acquisition has a consensus rating of “Sell”.

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Praetorian Acquisition Company Profile

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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.

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