Short Interest in Patriot Acquisition Corp./CI (NASDAQ:PTACU) Declines By 81.7%

Patriot Acquisition Corp./CI (NASDAQ:PTACU) was the recipient of a significant decline in short interest during the month of 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 Price Performance

PTACU stock traded down $0.01 during midday trading on Thursday, reaching $10.06. 200 shares of the company traded hands, compared to its average volume of 63,333. Patriot Acquisition Corp./CI has a 52-week low of $9.93 and a 52-week high of $10.08. The stock’s 50 day simple moving average is $10.06.

Patriot Acquisition Corp./CI Company Profile

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.