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

Praetorian Acquisition Corp. (NASDAQ:PTOR) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 5,090 shares, a decrease of 84.6% from the July 15th total of 33,143 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 17,897 shares, the short-interest ratio is currently 0.3 days.

Praetorian Acquisition Trading Up 0.1%

NASDAQ PTOR traded up $0.01 during trading hours on Wednesday, hitting $9.97. The company had a trading volume of 53,595 shares, compared to its average volume of 37,523. The business’s 50 day moving average is $9.95. Praetorian Acquisition has a fifty-two week low of $9.77 and a fifty-two week high of $10.04.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on Praetorian Acquisition in a research note on Tuesday, June 9th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Praetorian Acquisition presently has a consensus rating of “Sell”.

About Praetorian Acquisition

Praetorian Acquisition Corp is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.