Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) Short Interest Update

Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) saw a large growth in short interest in the month of 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. Based on an average trading volume of 4,792 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Infinite Eagle Acquisition Trading Down 0.1%

Shares of IEAG opened at $10.23 on Friday. The firm has a 50 day simple moving average of $10.23. Infinite Eagle Acquisition has a 52-week low of $9.97 and a 52-week high of $10.30.

Infinite Eagle Acquisition Company Profile

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.