Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) Sees Large Growth in Short Interest

Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 692 shares, a growth of 58.7% from the July 15th total of 436 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 68,431 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Iron Horse Acquisitions II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Iron Horse Acquisitions II Stock Down 0.1%

IRHO stock opened at $10.01 on Wednesday. The stock’s 50 day moving average is $10.03. Iron Horse Acquisitions II has a 52 week low of $9.85 and a 52 week high of $10.14.

Hedge Funds Weigh In On Iron Horse Acquisitions II

An institutional investor recently raised its position in Iron Horse Acquisitions II stock. PenderFund Capital Management Ltd. boosted its stake in shares of Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) by 158.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,800 shares of the company’s stock after purchasing an additional 15,800 shares during the quarter. PenderFund Capital Management Ltd. owned about 0.09% of Iron Horse Acquisitions II worth $259,000 at the end of the most recent quarter.

Iron Horse Acquisitions II Company Profile

Iron Horse Acquisitions II Corp is a blank check company.