Proem Acquisition Corp I (NASDAQ:PAAC – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 311 shares, a decrease of 77.0% from the June 30th total of 1,351 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 3,327 shares, the short-interest ratio is currently 0.1 days.
Proem Acquisition Corp I Stock Down 0.1%
NASDAQ:PAAC opened at $9.95 on Friday. Proem Acquisition Corp I has a fifty-two week low of $9.83 and a fifty-two week high of $10.15.
Analyst Ratings Changes
Separately, Weiss Ratings started coverage on Proem Acquisition Corp I in a research note on Tuesday, June 30th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.
About Proem Acquisition Corp I
Proem Acquisition Corp I 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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