Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) Sees Significant Drop in Short Interest

Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 877 shares, a drop of 64.6% from the August 15th total of 2,478 shares. Based on an average trading volume of 151,092 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Iron Horse Acquisitions II

An institutional investor recently raised its stake in Iron Horse Acquisitions II stock. PenderFund Capital Management Ltd. increased its stake in shares of Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) by 158.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,800 shares of the company’s stock after buying an additional 15,800 shares during the period. PenderFund Capital Management Ltd. owned about 0.09% of Iron Horse Acquisitions II worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of 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, Iron Horse Acquisitions II has a consensus rating of “Sell”.

Iron Horse Acquisitions II Price Performance

NASDAQ:IRHO remained flat at $10.06 during trading hours on Friday. The company’s stock had a trading volume of 39 shares, compared to its average volume of 59,632. Iron Horse Acquisitions II has a 1 year low of $9.85 and a 1 year high of $10.14. The company has a 50-day simple moving average of $10.03.

About Iron Horse Acquisitions II

Iron Horse Acquisitions II Corp is a blank check company.