Pioneer Acquisition I Corp. (NASDAQ:PACH) Stock Short Interest Report for September

Pioneer Acquisition I Corp. (NASDAQ:PACH) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 2,275 shares, an increase of 71.6% from the September 15th total of 1,326 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 91,521 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Pioneer Acquisition I

A number of hedge funds have recently bought and sold shares of the company. Sona Asset Management US LLC bought a new position in shares of Pioneer Acquisition I in the first quarter worth about $1,125,000. Lineage Point Capital LP acquired a new position in shares of Pioneer Acquisition I during the 4th quarter worth about $1,073,000. Radcliffe Capital Management L.P. boosted its stake in Pioneer Acquisition I by 6.2% during the 4th quarter. Radcliffe Capital Management L.P. now owns 629,247 shares of the company’s stock valued at $6,324,000 after purchasing an additional 36,772 shares during the period. Finally, Magnetar Financial LLC bought a new stake in Pioneer Acquisition I during the 4th quarter valued at approximately $10,060,000.

Pioneer Acquisition I Price Performance

Shares of NASDAQ PACH traded up $0.00 during trading hours on Thursday, hitting $10.37. 83,590 shares of the stock were exchanged, compared to its average volume of 50,904. The company’s 50 day moving average is $10.33 and its 200 day moving average is $10.26. Pioneer Acquisition I has a one year low of $9.99 and a one year high of $10.40.

Pioneer Acquisition I (NASDAQ:PACH) last posted its earnings results on Friday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Pioneer Acquisition I from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Pioneer Acquisition I

Pioneer Acquisition I Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a merger, share exchange, asset acquisition, or similar business combination with an operating company. As a SPAC, it does not have an established commercial product line or significant operating business of its own.

The company was formed to raise capital through a public offering and place those funds in a trust account while its management team searched for a suitable acquisition target.