Illumination Acquisition Corp I (NASDAQ:ILLU) Short Interest Update

Illumination Acquisition Corp I (NASDAQ:ILLU) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 186 shares, a decline of 65.7% from the August 31st total of 542 shares. Based on an average trading volume of 113,289 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Illumination Acquisition Corp I Stock Up 0.3%

ILLU stock traded up $0.03 during midday trading on Friday, reaching $10.01. 390 shares of the company’s stock traded hands, compared to its average volume of 67,746. Illumination Acquisition Corp I has a fifty-two week low of $9.82 and a fifty-two week high of $11.00. The stock’s 50-day simple moving average is $9.96.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on Illumination Acquisition Corp I in a research note on Friday, July 17th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Illumination Acquisition Corp I

Illumination Acquisition Corp. I is a special purpose acquisition company (SPAC) organized to identify and combine with one or more operating businesses through a merger, share exchange, asset acquisition, or similar transaction.

As a blank-check company, Illumination Acquisition Corp. I does not operate a conventional business and does not offer products or services of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing a business combination that would result in the acquired company becoming publicly traded.

The company was formed in the United States and has been listed on the Nasdaq under the symbol ILLU.