Provident Acquisition Corp. (NASDAQ:PAQC – Get Rating) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 13,000 shares, a decrease of 61.1% from the April 30th total of 33,400 shares. Based on an average daily volume of 62,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.
Shares of NASDAQ PAQC remained flat at $$9.86 during mid-day trading on Friday. 184 shares of the company traded hands, compared to its average volume of 51,526. The company has a market cap of $246.38 million, a price-to-earnings ratio of 8.35 and a beta of 0.03. Provident Acquisition has a twelve month low of $9.58 and a twelve month high of $10.30. The firm’s 50 day moving average price is $9.86 and its 200-day moving average price is $9.80.
Provident Acquisition Company Profile (Get Rating)
Provident Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Central, Hong Kong.
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