Pioneer Acquisition I Corp. (NASDAQ:PACH) Short Interest Down 34.9% in July

Pioneer Acquisition I Corp. (NASDAQ:PACH) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,050 shares, a decrease of 34.9% from the June 30th total of 1,612 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 46,541 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Pioneer Acquisition I in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Pioneer Acquisition I currently has an average rating of “Sell”.

Hedge Funds Weigh In On Pioneer Acquisition I

Large investors have recently bought and sold shares of the business. PenderFund Capital Management Ltd. acquired a new position in shares of Pioneer Acquisition I in the 4th quarter valued at $175,000. L1 Global Manager Pty Ltd purchased a new position in Pioneer Acquisition I during the 4th quarter worth $245,000. ABC Arbitrage SA acquired a new position in Pioneer Acquisition I in the fourth quarter valued at $251,000. Stoic Point Capital Management LLC acquired a new position in Pioneer Acquisition I in the fourth quarter valued at $339,000. Finally, Radcliffe Capital Management L.P. raised its holdings in shares of Pioneer Acquisition I by 6.2% in the fourth quarter. Radcliffe Capital Management L.P. now owns 629,247 shares of the company’s stock valued at $6,324,000 after buying an additional 36,772 shares during the last quarter.

Pioneer Acquisition I Price Performance

Shares of PACH stock opened at $10.28 on Friday. Pioneer Acquisition I has a 52-week low of $9.94 and a 52-week high of $10.29. The business has a 50-day simple moving average of $10.25 and a 200-day simple moving average of $10.18.

Pioneer Acquisition I (NASDAQ:PACH) last released its earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.

About Pioneer Acquisition I

Pioneer Acquisition I (NASDAQ: PACH) is a publicly traded special purpose acquisition company (SPAC), commonly known as a blank-check company. Like other SPACs, its principal business purpose is to identify, negotiate and complete a business combination with one or more operating companies. Until a qualifying transaction is completed, the entity typically has no substantive operating business of its own and holds capital raised from public investors in trust.

As a SPAC, Pioneer Acquisition I’s activities generally include sourcing potential targets, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for any proposed business combination.