Illumination Acquisition Corp I (NASDAQ:ILLU) Short Interest Update

Illumination Acquisition Corp I (NASDAQ:ILLU) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 186 shares, a decrease of 65.7% from the August 31st total of 542 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 113,289 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Illumination Acquisition Corp I in a research report on Friday, July 17th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Illumination Acquisition Corp I Stock Up 0.3%

Shares of ILLU stock traded up $0.03 on Tuesday, hitting $10.01. 329 shares of the company’s stock were exchanged, compared to its average volume of 66,472. The stock’s 50 day moving average is $9.96. Illumination Acquisition Corp I has a 12 month low of $9.82 and a 12 month high of $11.00.

About Illumination Acquisition Corp I

Illumination Acquisition Corp. I is a special purpose acquisition company (SPAC) organized to identify and combine with one or more operating businesses through a merger, share exchange, asset acquisition, or similar transaction.

As a blank-check company, Illumination Acquisition Corp. I does not operate a conventional business and does not offer products or services of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing a business combination that would result in the acquired company becoming publicly traded.

The company was formed in the United States and has been listed on the Nasdaq under the symbol ILLU.