Illumination Acquisition Corp I (NASDAQ:ILLU) Shares Shorted: Short Interest Up 640.0% in October

Illumination Acquisition Corp I (NASDAQ:ILLU) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 962 shares, a growth of 640.0% from the October 15th total of 130 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 79,168 shares, the days-to-cover ratio is presently 0.0 days.

Illumination Acquisition Corp I Trading Up 0.2%

ILLU stock opened at $10.01 on Wednesday. Illumination Acquisition Corp I has a twelve month low of $9.82 and a twelve month high of $11.00. The company’s fifty day moving average price is $9.99.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Illumination Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Illumination Acquisition Corp I

Illumination Acquisition Corp. I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses. As a blank-check company, Illumination Acquisition Corp. I does not have established commercial products, services, or operating divisions of its own. Its activities are primarily focused on evaluating potential acquisition targets and completing a transaction that would result in a combined operating company.