Investindustrial Acquisition Corp. (NYSE:IIAC) Short Interest Update

Investindustrial Acquisition Corp. (NYSE:IIAC) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 31,900 shares, a decrease of 80.0% from the September 15th total of 159,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 179,600 shares, the days-to-cover ratio is presently 0.2 days.

A number of hedge funds have recently modified their holdings of the business. RP Investment Advisors LP increased its holdings in shares of Investindustrial Acquisition by 11.8% during the 2nd quarter. RP Investment Advisors LP now owns 1,607,928 shares of the company’s stock valued at $15,693,000 after acquiring an additional 170,104 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Investindustrial Acquisition by 9.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 291,954 shares of the company’s stock worth $2,849,000 after acquiring an additional 25,000 shares during the period. State of Wisconsin Investment Board bought a new stake in shares of Investindustrial Acquisition in the 2nd quarter worth approximately $1,231,000. CSS LLC IL bought a new position in shares of Investindustrial Acquisition during the 1st quarter worth approximately $1,100,000. Finally, Toronto Dominion Bank bought a new position in shares of Investindustrial Acquisition during the 1st quarter worth approximately $946,000. 46.31% of the stock is currently owned by institutional investors.

Shares of Investindustrial Acquisition stock traded up $0.03 during trading on Thursday, hitting $9.99. The stock had a trading volume of 23,100 shares, compared to its average volume of 264,386. The business has a fifty day moving average of $9.92 and a two-hundred day moving average of $9.87. Investindustrial Acquisition has a fifty-two week low of $9.65 and a fifty-two week high of $11.00.

Investindustrial Acquisition (NYSE:IIAC) last announced its earnings results on Friday, August 13th. The company reported ($0.01) EPS for the quarter.

Investindustrial Acquisition Company Profile

Investindustrial Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in London, the United Kingdom.

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