Paloma Acquisition Corp I (NASDAQ:PALO) Sees Large Drop in Short Interest

Paloma Acquisition Corp I (NASDAQ:PALO) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,345 shares, a decline of 38.8% from the September 30th total of 2,196 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 9,631 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Paloma Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

Paloma Acquisition Corp I Price Performance

NASDAQ:PALO opened at $10.01 on Friday. The stock has a 50-day moving average of $10.00. Paloma Acquisition Corp I has a 12 month low of $9.84 and a 12 month high of $10.08.

About Paloma Acquisition Corp I

Paloma Acquisition Corp I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Its potential transaction may take the form of a merger, share exchange, asset acquisition, share purchase, reorganization or similar corporate combination.

Unlike an operating company, Paloma Acquisition Corp I does not have established commercial products or services of its own. Its activities are primarily focused on evaluating prospective target businesses, conducting due diligence and negotiating a transaction that could result in a private company becoming publicly traded.

The company was organized as a blank-check company and has not publicly identified a completed operating business in the information available here.