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

Praetorian Acquisition Corp. (NASDAQ:PTOR) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 4,749 shares, a drop of 46.8% from the August 15th total of 8,935 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 9,617 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Praetorian Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Praetorian Acquisition presently has a consensus rating of “Sell”.

Praetorian Acquisition Trading Down 0.1%

Shares of NASDAQ:PTOR traded down $0.01 during trading on Tuesday, hitting $9.98. 11,175 shares of the stock were exchanged, compared to its average volume of 33,970. Praetorian Acquisition has a 1-year low of $9.77 and a 1-year high of $10.04. The company has a fifty day moving average price of $9.97.

About Praetorian Acquisition