Irenic Acquisition Corp. Unit (NASDAQ:IACQU – Get Free Report) saw a large drop in short interest in 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 daily volume of 104,186 shares, the short-interest ratio is currently 0.0 days.
Irenic Acquisition Corp. Unit Stock Performance
NASDAQ IACQU traded down $0.01 on Tuesday, hitting $10.04. 2,643 shares of the company’s stock traded hands, 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 Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Irenic Acquisition Corp. Unit to a “hold” rating in a research note on Saturday, May 2nd.
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