Short Interest in Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) Increases By 258.1%

Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 2,478 shares, a growth of 258.1% from the July 30th total of 692 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 92,331 shares, the days-to-cover ratio is presently 0.0 days.

Iron Horse Acquisitions II Stock Performance

Iron Horse Acquisitions II stock remained flat at $10.05 during midday trading on Friday. 278 shares of the company traded hands, compared to its average volume of 61,319. Iron Horse Acquisitions II has a 1-year low of $9.85 and a 1-year high of $10.14. The firm has a 50-day moving average price of $10.03.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Iron Horse Acquisitions II stock. PenderFund Capital Management Ltd. raised its position in shares of Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) by 158.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,800 shares of the company’s stock after purchasing an additional 15,800 shares during the period. PenderFund Capital Management Ltd. owned 0.09% of Iron Horse Acquisitions II worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Iron Horse Acquisitions II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Iron Horse Acquisitions II Company Profile

Iron Horse Acquisitions II Corp is a blank check company.