Irenic Acquisition Corp. Unit (NASDAQ:IACQU) Short Interest Update

Irenic Acquisition Corp. Unit (NASDAQ:IACQU) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 926 shares, a decline of 54.4% from the May 14th total of 2,030 shares. Based on an average trading volume of 50,242 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Irenic Acquisition Corp. Unit to a “hold” rating in a research report on Saturday, May 2nd.

Irenic Acquisition Corp. Unit Stock Performance

IACQU traded up $0.01 on Friday, hitting $10.07. The company had a trading volume of 12,398 shares, compared to its average volume of 127,710. Irenic Acquisition Corp. Unit has a 1 year low of $9.99 and a 1 year high of $10.10.