PROOF Acquisition Corp I (NYSE:PACI – Get Rating) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,800 shares, an increase of 200.0% from the November 30th total of 600 shares. Based on an average daily volume of 31,500 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

PROOF Acquisition Corp I Trading Down 0.1 %

PACI stock traded down $0.01 during mid-day trading on Thursday, hitting $10.17. 4,001 shares of the stock were exchanged, compared to its average volume of 54,297. The business has a fifty day moving average price of $10.06 and a 200 day moving average price of $9.99. PROOF Acquisition Corp I has a 12 month low of $9.79 and a 12 month high of $10.18.

Institutional Investors Weigh In On PROOF Acquisition Corp I

Several hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new stake in PROOF Acquisition Corp I during the first quarter worth about $4,871,000. First Trust Capital Management L.P. bought a new stake in PROOF Acquisition Corp I during the third quarter worth about $890,000. Cantor Fitzgerald L. P. bought a new stake in PROOF Acquisition Corp I during the third quarter worth about $492,000. Finally, Elequin Capital LP bought a new stake in PROOF Acquisition Corp I during the third quarter worth about $29,000. Institutional investors own 67.26% of the company's stock.

PROOF Acquisition Corp I Company Profile

PROOF Acquisition Corp I does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. PROOF Acquisition Corp I was incorporated in 2021 and is based in Reston, Virginia.

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