Short Interest in Paloma Acquisition Corp I (NASDAQ:PALOU) Decreases By 56.9%

Paloma Acquisition Corp I (NASDAQ:PALOU) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 276 shares, a decline of 56.9% from the April 15th total of 641 shares. Based on an average trading volume of 3,567 shares, the days-to-cover ratio is presently 0.1 days.

Paloma Acquisition Corp I Stock Up 0.4%

Shares of NASDAQ:PALOU traded up $0.04 during mid-day trading on Friday, hitting $10.10. The company had a trading volume of 2 shares, compared to its average volume of 60,455. The company has a fifty day moving average of $10.02. Paloma Acquisition Corp I has a one year low of $9.95 and a one year high of $10.11.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Paloma Acquisition Corp I to a “hold” rating in a research note on Monday, March 2nd.

About Paloma Acquisition Corp I

Paloma Acquisition Corp I (NASDAQ: PALOU) is a special purpose acquisition company (SPAC), also known as a blank-check company, formed to raise capital through an initial public offering with the intent of effecting a business combination. Like other SPACs, its principal activity is to identify and complete one or more mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in a private operating company becoming publicly traded through the SPAC’s vehicle.

Until it completes a qualifying business combination, Paloma Acquisition Corp I does not operate a commercial business or produce goods or services.