IG Acquisition Corp. (NASDAQ:IGAC) Sees Significant Increase in Short Interest

Posted by Alanna Baker on Jul 30th, 2026

IG Acquisition Corp. (NASDAQ:IGAC – Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,106 shares, a growth of 114.9% from the June 30th total of 980 shares. Based on an average daily volume of 5,525 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

IG Acquisition Price Performance

IGAC stock traded up $0.01 during midday trading on Thursday, hitting $10.04. 863 shares of the company’s stock were exchanged, compared to its average volume of 41,150. The business has a 50-day simple moving average of $10.02 and a two-hundred day simple moving average of $9.96. IG Acquisition has a 1-year low of $9.82 and a 1-year high of $10.05.

IG Acquisition (NASDAQ:IGAC – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, IG Acquisition currently has an average rating of “Sell”.

View Our Latest Research Report on IG Acquisition

Institutional Trading of IG Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of IGAC. TrueMark Investments LLC acquired a new position in IG Acquisition in the first quarter valued at about $142,000. Meteora Capital LLC acquired a new stake in shares of IG Acquisition during the fourth quarter valued at about $300,000. ABC Arbitrage SA purchased a new stake in shares of IG Acquisition in the 1st quarter valued at approximately $396,000. Virtu Financial LLC purchased a new stake in shares of IG Acquisition in the 4th quarter valued at approximately $402,000. Finally, Governors Lane LP purchased a new stake in shares of IG Acquisition in the 4th quarter valued at approximately $492,000. 38.82% of the stock is currently owned by hedge funds and other institutional investors.

IG Acquisition Company Profile

(Get Free Report)

IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.