Iris Acquisition Corp II (NYSE:IRAB) Sees Significant Decline in Short Interest

Iris Acquisition Corp II (NYSE:IRAB) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 113 shares, a drop of 54.1% from the July 15th total of 246 shares. Based on an average daily trading volume, of 519 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of Iris Acquisition Corp II in a research report on Tuesday. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Iris Acquisition Corp II currently has a consensus rating of “Sell”.

Iris Acquisition Corp II Stock Up 0.4%

NYSE IRAB traded up $0.04 on Friday, reaching $9.97. 5,043 shares of the stock traded hands, compared to its average volume of 292. The stock’s fifty day simple moving average is $9.96. Iris Acquisition Corp II has a 12 month low of $9.81 and a 12 month high of $10.07.

Iris Acquisition Corp II Company Profile

Iris Acquisition Corp II is a blank check company.