Idea Acquisition Corp. (NASDAQ:IACO) Sees Significant Increase in Short Interest

Idea Acquisition Corp. (NASDAQ:IACO) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,673 shares, a growth of 104.0% from the July 30th total of 820 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 13,904 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Idea Acquisition in a research report on Friday, August 14th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Idea Acquisition Stock Performance

IACO opened at $9.99 on Friday. Idea Acquisition has a fifty-two week low of $9.78 and a fifty-two week high of $9.99. The stock’s 50 day simple moving average is $9.94.

Idea Acquisition Company Profile

Idea Acquisition Corp is a blank check company.