Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) Stock Short Interest Report for September

Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 54 shares, a decrease of 77.6% from the September 15th total of 241 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 40,867 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Iron Horse Acquisitions II from a “sell (e+)” rating to a “sell (e)” rating in a report on Monday. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Iron Horse Acquisitions II stock. PenderFund Capital Management Ltd. boosted its holdings in Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) by 158.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 25,800 shares of the company’s stock after buying an additional 15,800 shares during the period. PenderFund Capital Management Ltd. owned approximately 0.09% of Iron Horse Acquisitions II worth $259,000 at the end of the most recent reporting period.

Iron Horse Acquisitions II Price Performance

NASDAQ:IRHO remained flat at $10.06 during trading hours on Tuesday. 500,221 shares of the company’s stock were exchanged, compared to its average volume of 62,564. The company’s 50-day moving average is $10.05 and its 200 day moving average is $10.00. Iron Horse Acquisitions II has a 12 month low of $9.85 and a 12 month high of $10.14.

About Iron Horse Acquisitions II

Iron Horse Acquisitions II is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol IRHO. Unlike an operating company, it was formed to seek a business combination with an existing private company.

Its primary activities include identifying a potential merger partner, negotiating a transaction and completing a merger, acquisition, capital stock exchange or similar business combination. Iron Horse Acquisitions II does not provide identifiable products or services to customers while it searches for a suitable target.

Because the company’s operating business and geographic focus depend on any future transaction, it does not currently have a defined commercial footprint.