Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) Stock Short Interest Drops 67.8%

Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 3,771 shares, a decrease of 67.8% from the September 15th total of 11,701 shares. Based on an average daily trading volume, of 14,927 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Infinite Eagle Acquisition Stock Performance

Shares of Infinite Eagle Acquisition stock traded down $0.01 on Wednesday, hitting $10.07. 143,554 shares of the company’s stock traded hands, compared to its average volume of 97,158. The firm’s 50-day moving average price is $10.22 and its two-hundred day moving average price is $10.13. Infinite Eagle Acquisition has a one year low of $9.97 and a one year high of $10.30.

Analyst Ratings Changes

Separately, Weiss Ratings raised Infinite Eagle Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Infinite Eagle Acquisition

Infinite Eagle Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol IEAG. The company was established to identify and complete a business combination with one or more operating companies.

Rather than selling products or providing services, Infinite Eagle Acquisition Corp. seeks to raise capital and use it for a merger, acquisition, share exchange, or similar transaction. Until such a transaction is completed, its activities are generally focused on evaluating potential targets and managing its corporate structure and available funds.

Publicly available information about the company’s target industry, geographic focus, operating activities, and leadership is limited.