Irenic Acquisition Corp. Unit (NASDAQ:IACQU – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 926 shares, a drop of 54.4% from the May 14th total of 2,030 shares. Based on an average trading volume of 50,242 shares, the days-to-cover ratio is presently 0.0 days.
Irenic Acquisition Corp. Unit Stock Up 0.0%
Shares of IACQU traded up $0.01 during midday trading on Friday, reaching $10.07. 12,398 shares of the stock were exchanged, compared to its average volume of 127,710. Irenic Acquisition Corp. Unit has a 12-month low of $9.99 and a 12-month high of $10.10.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Irenic Acquisition Corp. Unit to a “hold” rating in a research note on Saturday, May 2nd.
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