PropTech Acquisition Co. (NASDAQ:PTAC) Shares Shorted: Short Interest Up 190.5% in October

PropTech Acquisition Co. (NASDAQ:PTAC) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 61 shares, a growth of 190.5% from the October 15th total of 21 shares. Based on an average daily volume of 13 shares, the short-interest ratio is currently 4.7 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on PropTech Acquisition in a report on Monday, September 28th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, PropTech Acquisition presently has a consensus rating of “Sell”.

PropTech Acquisition Stock Performance

NASDAQ:PTAC remained flat at $10.01 during trading hours on Friday. The company’s stock had a trading volume of 6 shares, compared to its average volume of 55,581. The company’s fifty day moving average is $10.01 and its 200 day moving average is $8.03. PropTech Acquisition has a 12-month low of $9.74 and a 12-month high of $10.10.

PropTech Acquisition (NASDAQ:PTAC) last released its earnings results on Friday, November 13th. The company reported $0.07 EPS for the quarter.

PropTech Acquisition Company Profile

PropTech Acquisition Corporation was a special purpose acquisition company formed to pursue a merger or similar business combination with a technology-focused company in the real estate and property technology sectors. It did not operate a separate consumer product or service business while seeking a transaction. In December 2020, PropTech Acquisition completed its business combination with Porch.com, a software and services platform for the home services industry. Porch’s offerings included software for home service professionals and services that connected consumers with providers for home-related needs.