IG Acquisition Corp. (NASDAQ:IGAC) Sees Significant Growth in Short Interest

Posted by Scott Moore on May 12th, 2026

IG Acquisition Corp. (NASDAQ:IGAC – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,978 shares, an increase of 1,036.8% from the April 15th total of 174 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 3,040 shares, the short-interest ratio is presently 0.7 days.

IG Acquisition Trading Down 0.1%

Shares of IG Acquisition stock opened at $9.96 on Tuesday. The business has a 50-day moving average price of $9.93 and a two-hundred day moving average price of $9.98. IG Acquisition has a 1-year low of $9.82 and a 1-year high of $9.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on IG Acquisition in a research report on Wednesday, April 8th. They set a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Read Our Latest Analysis on IG Acquisition

Institutional Trading of IG Acquisition

A number of large investors have recently bought and sold shares of IGAC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in IG Acquisition during the 4th quarter worth about $3,936,000. StoneX Group Inc. acquired a new stake in IG Acquisition during the 4th quarter worth about $1,121,000. First Trust Capital Management L.P. acquired a new stake in IG Acquisition during the 4th quarter worth about $4,920,000. Hudson Bay Capital Management LP acquired a new stake in IG Acquisition during the 4th quarter worth about $2,523,000. Finally, Berkley W R Corp acquired a new stake in IG Acquisition during the 4th quarter worth about $975,000. 38.82% of the stock is currently owned by institutional investors and hedge funds.

IG Acquisition Company Profile

(Get Free Report)

IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.