Irenic Acquisition Corp. Unit (NASDAQ:IACQU – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 5,472 shares, an increase of 490.9% from the May 31st total of 926 shares. Based on an average daily trading volume, of 9,204 shares, the short-interest ratio is presently 0.6 days.
Irenic Acquisition Corp. Unit Price Performance
NASDAQ IACQU remained flat at $10.24 during trading hours on Friday. The company’s stock had a trading volume of 1,667 shares, compared to its average volume of 107,991. Irenic Acquisition Corp. Unit has a 1 year low of $9.99 and a 1 year high of $10.47. The stock has a fifty day moving average price of $10.06.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Irenic Acquisition Corp. Unit to a “hold” rating in a report on Saturday, May 2nd.
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