Iris Acquisition Corp II (NYSE:IRAB) Short Interest Update

Iris Acquisition Corp II (NYSE:IRAB) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 255 shares, an increase of 553.8% from the August 31st total of 39 shares. Based on an average trading volume of 25,727 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on shares of Iris Acquisition Corp II in a report on Tuesday, August 11th. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Iris Acquisition Corp II Price Performance

NYSE IRAB opened at $10.00 on Friday. The stock has a 50-day simple moving average of $10.00. Iris Acquisition Corp II has a twelve month low of $9.81 and a twelve month high of $10.10.

About Iris Acquisition Corp II

Iris Acquisition Corp. II is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the symbol IRAB. The company was formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating companies.

As a blank-check company, Iris Acquisition Corp. II does not operate a conventional business and does not currently offer products or services of its own. Its primary activities involve raising capital through a public offering, placing funds into a trust account and evaluating potential acquisition targets.

The company has not disclosed a completed business combination or an operating history that would support a more detailed description of its products, markets or geographic reach.