Pioneer Acquisition I Corp. (NASDAQ:PACH) Stock Short Interest Report for September

Key Points

• Short interest surged 71.6% to 2,275 shares as of September 30, up from 1,326 shares on September 15. Short positions represented 0.0% of shares outstanding, with a days-to-cover ratio of 0.0.
• Analyst sentiment remained negative: Weiss Ratings upgraded PACH from “sell (d-)” to “sell (d),” while the stock’s sole analyst rating remained Sell.
• PACH traded at $10.37, near its 52-week high of $10.40. Several institutional investors held or added positions, including Radcliffe Capital Management, which owned 629,247 shares.

Pioneer Acquisition I Corp. (NASDAQ:PACH - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,275 shares, an increase of 71.6% from the September 15th total of 1,326 shares. Based on an average daily volume of 91,521 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Pioneer Acquisition I from a "sell (d-)" rating to a "sell (d)" rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".

Pioneer Acquisition I Price Performance

Shares of PACH traded up $0.00 during trading hours on Thursday, reaching $10.37. The company's stock had a trading volume of 83,590 shares, compared to its average volume of 50,904. Pioneer Acquisition I has a 1-year low of $9.99 and a 1-year high of $10.40. The company has a 50 day moving average of $10.33 and a two-hundred day moving average of $10.26.

Pioneer Acquisition I (NASDAQ:PACH - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Pioneer Acquisition I

A number of institutional investors have recently modified their holdings of PACH. Sona Asset Management US LLC acquired a new position in shares of Pioneer Acquisition I in the first quarter worth $1,125,000. Lineage Point Capital LP acquired a new position in Pioneer Acquisition I in the 4th quarter worth about $1,073,000. Magnetar Financial LLC acquired a new position in Pioneer Acquisition I in the 4th quarter worth about $10,060,000. Finally, Radcliffe Capital Management L.P. raised its stake in shares of Pioneer Acquisition I by 6.2% during the 4th quarter. Radcliffe Capital Management L.P. now owns 629,247 shares of the company's stock worth $6,324,000 after purchasing an additional 36,772 shares in the last quarter.

About Pioneer Acquisition I

Pioneer Acquisition I Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a merger, share exchange, asset acquisition, or similar business combination with an operating company. As a SPAC, it does not have an established commercial product line or significant operating business of its own.

The company was formed to raise capital through a public offering and place those funds in a trust account while its management team searched for a suitable acquisition target.

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