Pine Tree Acquisition Corp. (NASDAQ:PAXGU – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 691 shares. Based on an average trading volume of 371,770 shares, the days-to-cover ratio is presently 0.0 days.
Pine Tree Acquisition Price Performance
Shares of PAXGU traded up $0.01 during mid-day trading on Friday, hitting $10.03. 2,128 shares of the company’s stock traded hands, compared to its average volume of 81,502. Pine Tree Acquisition has a 1 year low of $9.95 and a 1 year high of $10.04.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Pine Tree Acquisition to a “sell” rating in a report on Saturday, October 10th.
Check Out Our Latest Stock Analysis on PAXGU
Pine Tree Acquisition Company Profile
Pine Tree Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating businesses. The company does not have significant operating activities of its own and was established to raise capital through an initial public offering for the purpose of pursuing a merger, acquisition, or similar transaction.
Its publicly traded units, represented by the Nasdaq symbol PAXGU, generally consist of shares of common stock and accompanying warrants.
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