Iron Horse Acquisitions II Corp. Units (NASDAQ:IRHOU) Sees Significant Decrease in Short Interest

Iron Horse Acquisitions II Corp. Units (NASDAQ:IRHOU) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 62 shares, a decline of 50.4% from the May 31st total of 125 shares. Based on an average daily volume of 151 shares, the days-to-cover ratio is currently 0.4 days.

Iron Horse Acquisitions II Corp. Units Trading Up 0.3%

IRHOU traded up $0.03 on Tuesday, reaching $10.25. Iron Horse Acquisitions II Corp. Units has a 52 week low of $9.94 and a 52 week high of $11.29. The company has a fifty day simple moving average of $10.19.

Hedge Funds Weigh In On Iron Horse Acquisitions II Corp. Units

A hedge fund recently raised its stake in Iron Horse Acquisitions II Corp. Units stock. Stoic Point Capital Management LLC lifted its holdings in shares of Iron Horse Acquisitions II Corp. Units (NASDAQ:IRHOU) by 10.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Iron Horse Acquisitions II Corp. Units comprises approximately 0.5% of Stoic Point Capital Management LLC’s holdings, making the stock its 26th biggest holding. Stoic Point Capital Management LLC’s holdings in Iron Horse Acquisitions II Corp. Units were worth $548,000 as of its most recent SEC filing.