Patriot Acquisition Corp./CI (NASDAQ:PTACU) Sees Large Drop in Short Interest

Patriot Acquisition Corp./CI (NASDAQ:PTACU) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 189 shares, a decline of 81.7% from the July 30th total of 1,035 shares. Based on an average daily volume of 6 shares, the days-to-cover ratio is presently 31.5 days.

Patriot Acquisition Corp./CI Stock Performance

PTACU stock remained flat at $10.07 during mid-day trading on Wednesday. The company’s stock had a trading volume of 200 shares, compared to its average volume of 63,333. Patriot Acquisition Corp./CI has a 12 month low of $9.93 and a 12 month high of $10.08. The stock’s fifty day moving average is $10.06.

About Patriot Acquisition Corp./CI

Patriot Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses.

As a SPAC, the company does not have commercial operations of its own and is organized to identify and complete an acquisition opportunity. Its efforts are typically focused on evaluating target businesses across a range of industries and geographies, though specific target criteria may vary based on the company’s formation documents and management strategy.

Because Patriot Acquisition Corp.