Irenic Acquisition Corp. Unit (NASDAQ:IACQU – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,821 shares, a decrease of 66.7% from the June 15th total of 5,472 shares. Based on an average daily trading volume, of 4,610 shares, the days-to-cover ratio is presently 0.4 days.
Irenic Acquisition Corp. Unit Stock Performance
NASDAQ IACQU traded up $0.11 during mid-day trading on Wednesday, reaching $10.24. 3,086 shares of the stock were exchanged, compared to its average volume of 95,019. The business has a 50 day simple moving average of $10.10. Irenic Acquisition Corp. Unit has a 1 year low of $9.99 and a 1 year high of $10.75.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Irenic Acquisition Corp. Unit to a “hold” rating in a report on Saturday, May 2nd.
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