Peace Acquisition Corp (NASDAQ:PECE) Stock Short Interest Falls 71.4%
by Tristan Rich · The Markets DailyPeace Acquisition Corp (NASDAQ:PECE – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,965 shares, a decrease of 71.4% from the September 30th total of 13,883 shares. Based on an average trading volume of 32,122 shares, the short-interest ratio is currently 0.1 days.
Analyst Ratings Changes
Separately, Weiss Ratings started coverage on shares of Peace Acquisition in a research report on Friday, August 28th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
Get Our Latest Analysis on PECE
Peace Acquisition Trading Up 0.2%
Shares of PECE traded up $0.02 during trading hours on Friday, hitting $10.06. The stock had a trading volume of 127,417 shares, compared to its average volume of 66,032. Peace Acquisition has a 12-month low of $9.87 and a 12-month high of $10.06. The stock has a fifty day simple moving average of $10.00.
About Peace Acquisition
Peace Acquisition is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol PECE. Unlike an operating company, its primary purpose is to identify and complete a merger, share exchange, asset acquisition, or similar business combination with a private company.
Before completing a business combination, Peace Acquisition does not generally offer products or services of its own. Its activities are focused on evaluating potential target businesses, conducting due diligence, and negotiating a transaction intended to result in a publicly traded operating company.
Publicly available information about Peace Acquisition’s specific target, operating history, geographic markets, and leadership is limited.