Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) Short Interest Up 258.1% in August

Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,478 shares, a growth of 258.1% from the July 30th total of 692 shares. Based on an average daily trading volume, of 92,331 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Iron Horse Acquisitions II

A hedge fund recently raised its position in Iron Horse Acquisitions II stock. PenderFund Capital Management Ltd. increased its position in shares of Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) by 158.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,800 shares of the company’s stock after purchasing an additional 15,800 shares during the period. PenderFund Capital Management Ltd. owned 0.09% of Iron Horse Acquisitions II worth $259,000 at the end of the most recent quarter.

Iron Horse Acquisitions II Price Performance

Shares of IRHO opened at $10.05 on Thursday. Iron Horse Acquisitions II has a 1 year low of $9.85 and a 1 year high of $10.14. The firm has a 50-day moving average of $10.03.

Analysts Set New Price Targets

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

About Iron Horse Acquisitions II

Iron Horse Acquisitions II Corp is a blank check company.