Pelican Acquisition II Corp. (NASDAQ:PLCIU – Get Free Report) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,878 shares, a decline of 46.3% from the August 31st total of 3,497 shares. Based on an average trading volume of 3,264 shares, the days-to-cover ratio is currently 0.6 days.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Pelican Acquisition II to a “hold” rating in a report on Saturday, August 1st.
Check Out Our Latest Report on Pelican Acquisition II
Pelican Acquisition II Price Performance
Pelican Acquisition II Company Profile
Pelican Acquisition II is a special purpose acquisition company (SPAC) whose securities trade on the Nasdaq under the symbol PLCIU. As a blank-check company, it was formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses.
Unlike an operating company, Pelican Acquisition II does not appear to conduct a separate commercial business or offer products and services of its own.
Further Reading
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