Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) Sees Large Growth in Short Interest

Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 8,577 shares, a growth of 74.3% from the August 15th total of 4,920 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 4,792 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Infinite Eagle Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Infinite Eagle Acquisition Stock Down 0.0%

Shares of NASDAQ IEAG traded down $0.01 during trading on Thursday, hitting $10.26. The company had a trading volume of 3,451 shares, compared to its average volume of 90,373. The firm’s fifty day simple moving average is $10.22. Infinite Eagle Acquisition has a fifty-two week low of $9.97 and a fifty-two week high of $10.30.

About Infinite Eagle Acquisition

Infinite Eagle Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination with one or more operating businesses, which may include a merger, stock exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, Infinite Eagle Acquisition Corp. does not have an established portfolio of products or services. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction intended to create a public company.

Information about the company’s target industry, geographic focus and leadership is limited.