Irenic Acquisition Corp. Unit (NASDAQ:IACQU – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 926 shares, a drop of 54.4% from the May 14th total of 2,030 shares. Based on an average daily trading volume, of 50,242 shares, the days-to-cover ratio is currently 0.0 days.
Irenic Acquisition Corp. Unit Price Performance
Irenic Acquisition Corp. Unit stock traded up $0.04 on Monday, hitting $10.08. 12,398 shares of the stock traded hands, compared to its average volume of 127,710. Irenic Acquisition Corp. Unit has a 1 year low of $9.99 and a 1 year high of $10.10.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Irenic Acquisition Corp. Unit to a “hold” rating in a research report on Saturday, May 2nd.
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