Irenic Acquisition Corp. Unit (NASDAQ:IACQU – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,030 shares, a decrease of 43.7% from the April 30th total of 3,607 shares. Based on an average trading volume of 104,186 shares, the short-interest ratio is currently 0.0 days.
Irenic Acquisition Corp. Unit Trading Up 0.0%
Shares of NASDAQ IACQU traded up $0.01 during mid-day trading on Thursday, reaching $10.04. 454 shares of the company’s stock were exchanged, compared to its average volume of 157,797. Irenic Acquisition Corp. Unit has a 52-week low of $9.99 and a 52-week high of $10.08.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Irenic Acquisition Corp. Unit to a “hold” rating in a report on Saturday, May 2nd.
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