Short Interest in Paloma Acquisition Corp I (NASDAQ:PALOU) Declines By 40.4%

Paloma Acquisition Corp I (NASDAQ:PALOU) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 158 shares, a drop of 40.4% from the May 14th total of 265 shares. Based on an average trading volume of 401 shares, the short-interest ratio is presently 0.4 days.

Paloma Acquisition Corp I Stock Performance

Shares of PALOU stock traded up $0.02 during trading on Tuesday, hitting $10.08. 251 shares of the company were exchanged, compared to its average volume of 48,182. The business’s 50-day moving average is $10.09. Paloma Acquisition Corp I has a twelve month low of $9.95 and a twelve month high of $11.75.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Paloma Acquisition Corp I to a “hold” rating in a research report on Monday, March 2nd.

Paloma Acquisition Corp I Company Profile

Paloma Acquisition Corp I (NASDAQ: PALOU) is a special purpose acquisition company (SPAC), also known as a blank-check company, formed to raise capital through an initial public offering with the intent of effecting a business combination. Like other SPACs, its principal activity is to identify and complete one or more mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in a private operating company becoming publicly traded through the SPAC’s vehicle.

Until it completes a qualifying business combination, Paloma Acquisition Corp I does not operate a commercial business or produce goods or services.