Praetorian Acquisition Corp. Units (NASDAQ:PTORU) Sees Large Decline in Short Interest

Praetorian Acquisition Corp. Units (NASDAQ:PTORUGet Free Report) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 268 shares, a decline of 51.2% from the April 15th total of 549 shares. Based on an average daily trading volume, of 1,034 shares, the days-to-cover ratio is currently 0.3 days.

Praetorian Acquisition Corp. Units Stock Performance

Shares of PTORU traded up $0.04 during trading hours on Friday, reaching $10.00. 949 shares of the stock traded hands, compared to its average volume of 122,058. Praetorian Acquisition Corp. Units has a 52-week low of $8.90 and a 52-week high of $10.37. The company’s 50-day simple moving average is $9.95.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Praetorian Acquisition Corp. Units to a “hold” rating in a research note on Tuesday, February 3rd.

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