Irenic Acquisition Corp. Unit (NASDAQ:IACQU – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 5,472 shares, an increase of 490.9% from the May 31st total of 926 shares. Based on an average trading volume of 9,204 shares, the days-to-cover ratio is presently 0.6 days.
Irenic Acquisition Corp. Unit Stock Performance
Shares of NASDAQ IACQU traded down $0.05 during midday trading on Friday, reaching $10.19. 875 shares of the company’s stock were exchanged, compared to its average volume of 105,094. Irenic Acquisition Corp. Unit has a 52-week low of $9.99 and a 52-week high of $10.47. The stock’s fifty day moving average price is $10.06.
Analysts Set New Price Targets
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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