Irenic Acquisition Corp. Unit (NASDAQ:IACQU – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 5,472 shares, a growth of 490.9% from the May 31st total of 926 shares. Based on an average daily trading volume, of 9,204 shares, the days-to-cover ratio is presently 0.6 days.
Irenic Acquisition Corp. Unit Price Performance
Shares of IACQU stock remained flat at $10.24 during trading hours on Friday. 1,667 shares of the stock traded hands, compared to its average volume of 107,991. Irenic Acquisition Corp. Unit has a twelve month low of $9.99 and a twelve month high of $10.47. The stock has a 50 day simple moving average of $10.06.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Irenic Acquisition Corp. Unit to a “hold” rating in a research report on Saturday, May 2nd.
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