Patriot Acquisition Corp./CI (NASDAQ:PTACU – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,035 shares, a drop of 94.9% from the July 15th total of 20,440 shares. Based on an average trading volume of 1,873 shares, the days-to-cover ratio is presently 0.6 days.
Patriot Acquisition Corp./CI Price Performance
NASDAQ:PTACU traded down $0.06 on Tuesday, hitting $9.99. The firm’s 50-day simple moving average is $10.04. Patriot Acquisition Corp./CI has a 1-year low of $9.93 and a 1-year high of $10.08.
About Patriot Acquisition Corp./CI
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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