Irenic Acquisition Corp. Unit (NASDAQ:IACQU – Get Free Report) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,821 shares, a decrease of 66.7% from the June 15th total of 5,472 shares. Based on an average daily volume of 4,610 shares, the short-interest ratio is presently 0.4 days.
Irenic Acquisition Corp. Unit Trading Up 0.6%
IACQU opened at $10.19 on Monday. The company has a fifty day moving average price of $10.09. Irenic Acquisition Corp. Unit has a 52 week low of $9.99 and a 52 week high of $10.75.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Irenic Acquisition Corp. Unit to a “hold” rating in a research report on Saturday, May 2nd.
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