PropTech Acquisition Co. (NASDAQ:PTAC) Stock Short Interest Rises 190.5%

PropTech Acquisition Co. (NASDAQ:PTAC) saw a significant 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 trading volume, of 13 shares, the short-interest ratio is currently 4.7 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

PropTech Acquisition Price Performance

Shares of NASDAQ:PTAC remained flat at $10.01 during midday trading on Friday. The stock had a trading volume of 6 shares, compared to its average volume of 55,581. PropTech Acquisition has a 52-week low of $9.74 and a 52-week high of $10.10. The company has a 50-day simple moving average of $10.01 and a two-hundred day simple moving average of $8.03.

PropTech Acquisition (NASDAQ:PTAC) last released its quarterly earnings results on Friday, November 13th. The company reported $0.07 earnings per share (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.