Short Interest in Paloma Acquisition Corp I (NASDAQ:PALOU) Declines By 56.9%

Paloma Acquisition Corp I (NASDAQ:PALOU) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 276 shares, a decrease of 56.9% from the April 15th total of 641 shares. Based on an average trading volume of 3,567 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Paloma Acquisition Corp I to a “hold” rating in a research report on Monday, March 2nd.

Paloma Acquisition Corp I Stock Up 0.4%

NASDAQ PALOU traded up $0.04 during mid-day trading on Friday, reaching $10.10. 2 shares of the company’s stock traded hands, compared to its average volume of 60,455. Paloma Acquisition Corp I has a 1-year low of $9.95 and a 1-year high of $10.11. The firm’s fifty day simple moving average is $10.02.

About Paloma Acquisition Corp I

Paloma Acquisition Corp I (NASDAQ: PALOU) is a special purpose acquisition company (SPAC), also known as a blank-check company, formed to raise capital through an initial public offering with the intent of effecting a business combination. Like other SPACs, its principal activity is to identify and complete one or more mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in a private operating company becoming publicly traded through the SPAC’s vehicle.

Until it completes a qualifying business combination, Paloma Acquisition Corp I does not operate a commercial business or produce goods or services.