Short Interest in Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) Increases By 58.7%

Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 692 shares, an increase of 58.7% from the July 15th total of 436 shares. Based on an average daily volume of 68,431 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Iron Horse Acquisitions II Stock Performance

IRHO opened at $10.02 on Thursday. The company has a 50-day moving average of $10.03. Iron Horse Acquisitions II has a 1 year low of $9.85 and a 1 year high of $10.14.

Institutional Trading of Iron Horse Acquisitions II

An institutional investor recently raised its position in Iron Horse Acquisitions II stock. PenderFund Capital Management Ltd. increased 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 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,800 shares of the company’s stock after acquiring an additional 15,800 shares during the quarter. PenderFund Capital Management Ltd. owned about 0.09% of Iron Horse Acquisitions II worth $259,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

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

About Iron Horse Acquisitions II

Iron Horse Acquisitions II Corp is a blank check company.