Proem Acquisition Corp I (NASDAQ:PAAC) Short Interest Update

Proem Acquisition Corp I (NASDAQ:PAAC) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,351 shares, an increase of 531.3% from the June 15th total of 214 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 681 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Proem Acquisition Corp I in a report on Tuesday, June 30th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Proem Acquisition Corp I has a consensus rating of “Sell”.

Proem Acquisition Corp I Price Performance

Shares of NASDAQ:PAAC traded down $0.01 on Friday, reaching $9.95. The company’s stock had a trading volume of 495 shares, compared to its average volume of 15,671. Proem Acquisition Corp I has a 52-week low of $9.83 and a 52-week high of $10.00.

About Proem Acquisition Corp I

Proem Acquisition Corp I 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.