Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) Sees Significant Decrease in Short Interest

Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 3,771 shares, a decline of 67.8% from the September 15th total of 11,701 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 14,927 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Infinite Eagle Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Infinite Eagle Acquisition Trading Up 0.2%

NASDAQ IEAG traded up $0.02 on Monday, hitting $10.16. 2,204 shares of the stock were exchanged, compared to its average volume of 95,145. The company has a 50-day moving average price of $10.22 and a 200-day moving average price of $10.13. Infinite Eagle Acquisition has a fifty-two week low of $9.97 and a fifty-two week high of $10.30.

Infinite Eagle Acquisition Company Profile

Infinite Eagle Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol IEAG. The company was established to identify and complete a business combination with one or more operating companies.

Rather than selling products or providing services, Infinite Eagle Acquisition Corp. seeks to raise capital and use it for a merger, acquisition, share exchange, or similar transaction. Until such a transaction is completed, its activities are generally focused on evaluating potential targets and managing its corporate structure and available funds.

Publicly available information about the company’s target industry, geographic focus, operating activities, and leadership is limited.