Irenic Acquisition Corp. Unit (NASDAQ:IACQU – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,030 shares, a drop of 43.7% from the April 30th total of 3,607 shares. Based on an average trading volume of 104,186 shares, the days-to-cover ratio is presently 0.0 days.
Irenic Acquisition Corp. Unit Stock Down 0.0%
Shares of Irenic Acquisition Corp. Unit stock traded down $0.01 on Tuesday, reaching $10.04. The stock had a trading volume of 2,643 shares, compared to its average volume of 171,988. Irenic Acquisition Corp. Unit has a 1 year low of $9.99 and a 1 year high of $10.08.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Irenic Acquisition Corp. Unit to a “hold” rating in a research report on Saturday, May 2nd.
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