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

Illumination Acquisition Corp I (NASDAQ:ILLU) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 186 shares, a decrease of 65.7% from the August 31st total of 542 shares. Based on an average daily volume of 113,289 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

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

Illumination Acquisition Corp I Stock Performance

Shares of NASDAQ:ILLU traded down $0.01 during midday trading on Monday, reaching $10.01. The company had a trading volume of 314 shares, compared to its average volume of 66,472. Illumination Acquisition Corp I has a 1-year low of $9.82 and a 1-year high of $11.00. The company’s 50 day moving average is $9.96.

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.