Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) Sees Significant Increase in Short Interest

Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 2,478 shares, an increase of 258.1% from the July 30th total of 692 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 92,331 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Iron Horse Acquisitions II from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Iron Horse Acquisitions II Stock Performance

IRHO stock opened at $10.05 on Friday. The firm’s fifty day simple moving average is $10.03. Iron Horse Acquisitions II has a 52 week low of $9.85 and a 52 week high of $10.14.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Iron Horse Acquisitions II stock. PenderFund Capital Management Ltd. lifted its stake in Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) by 158.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,800 shares of the company’s stock after buying an additional 15,800 shares during the period. PenderFund Capital Management Ltd. owned approximately 0.09% of Iron Horse Acquisitions II worth $259,000 as of its most recent SEC filing.

About Iron Horse Acquisitions II

Iron Horse Acquisitions II Corp is a blank check company.