Proem Acquisition Corp I (NASDAQ:PAAC) Shares Shorted: Short Interest Down 44.4% in October

Posted by Tristan Rich on Nov 3rd, 2026

Proem Acquisition Corp I (NASDAQ:PAAC – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 25,134 shares, a drop of 44.4% from the September 30th total of 45,191 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 44,123 shares, the days-to-cover ratio is currently 0.6 days.

Proem Acquisition Corp I Price Performance

Shares of PAAC stock opened at $10.01 on Tuesday. The company has a 50 day moving average of $10.05. Proem Acquisition Corp I has a 1 year low of $9.83 and a 1 year high of $10.15.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Proem Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, October 9th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

View Our Latest Stock Report on PAAC

Institutional Trading of Proem Acquisition Corp I

An institutional investor recently raised its stake in Proem Acquisition Corp I stock. Readystate Asset Management LP boosted its position in Proem Acquisition Corp I (NASDAQ:PAAC – Free Report) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,414 shares of the company’s stock after acquiring an additional 2,888 shares during the quarter. Readystate Asset Management LP owned 0.79% of Proem Acquisition Corp I worth $1,451,000 at the end of the most recent reporting period.