IB Acquisition Corp. (NASDAQ:IBAC) Short Interest Up 37.5% in February

IB Acquisition Corp. (NASDAQ:IBAC) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 1,100 shares, an increase of 37.5% from the January 31st total of 800 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 37,000 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of IB Acquisition

Several large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its position in IB Acquisition by 14.5% during the fourth quarter. Virtu Financial LLC now owns 105,524 shares of the company’s stock worth $1,069,000 after purchasing an additional 13,370 shares during the last quarter. Rivernorth Capital Management LLC lifted its stake in shares of IB Acquisition by 11.3% in the 3rd quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company’s stock valued at $1,500,000 after purchasing an additional 15,270 shares during the last quarter. Periscope Capital Inc. increased its position in shares of IB Acquisition by 9.1% during the 3rd quarter. Periscope Capital Inc. now owns 300,000 shares of the company’s stock worth $3,000,000 after purchasing an additional 25,000 shares during the last quarter. Crossingbridge Advisors LLC raised its holdings in IB Acquisition by 23.7% in the 4th quarter. Crossingbridge Advisors LLC now owns 455,320 shares of the company’s stock valued at $4,612,000 after buying an additional 87,100 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in shares of IB Acquisition in the 3rd quarter valued at $1,084,000.

IB Acquisition Stock Up 0.1 %

NASDAQ IBAC traded up $0.01 during mid-day trading on Wednesday, hitting $10.26. The stock had a trading volume of 4,273 shares, compared to its average volume of 61,320. IB Acquisition has a twelve month low of $9.93 and a twelve month high of $10.50. The firm’s 50 day moving average is $10.20 and its 200 day moving average is $10.10.

IB Acquisition Company Profile

IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.