PropTech Acquisition Co. (NASDAQ:PTAC) Shares Shorted: Short Interest Down 37.5% in September

PropTech Acquisition Co. (NASDAQ:PTAC) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 20 shares, a decline of 37.5% from the September 15th total of 32 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,609 shares, the short-interest ratio is currently 0.0 days.

PropTech Acquisition Price Performance

Shares of NASDAQ:PTAC traded down $0.01 during trading on Friday, hitting $9.98. The company had a trading volume of 3,004 shares, compared to its average volume of 51,519. The company has a fifty day simple moving average of $8.99 and a two-hundred day simple moving average of $7.82. PropTech Acquisition has a one year low of $9.74 and a one year high of $10.10.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on PropTech Acquisition in a research note on Monday, September 28th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

PropTech Acquisition Company Profile

PropTech Acquisition Corporation was a special purpose acquisition company (SPAC) formed to identify and combine with a business operating in the real estate technology sector. Unlike an operating company, it did not offer a broad portfolio of products or services to customers; its principal activity was raising capital through an initial public offering and pursuing a business combination.

The company focused on companies developing technology for the real estate industry, including software, data tools and digital services intended to improve property transactions, management and related services.