IG Acquisition Corp. (NASDAQ:IGAC) Short Interest Update

IG Acquisition Corp. (NASDAQ:IGAC) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,106 shares, an increase of 114.9% from the June 30th total of 980 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 5,525 shares, the short-interest ratio is presently 0.4 days.

IG Acquisition Stock Up 0.0%

Shares of IG Acquisition stock traded up $0.01 on Tuesday, reaching $10.04. 827,112 shares of the company were exchanged, compared to its average volume of 40,950. IG Acquisition has a fifty-two week low of $9.82 and a fifty-two week high of $10.05. The stock has a fifty day moving average price of $10.01 and a 200-day moving average price of $9.96.

IG Acquisition (NASDAQ:IGAC) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.06 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of IG Acquisition

A number of hedge funds have recently modified their holdings of IGAC. Rivernorth Capital Management LLC purchased a new position in shares of IG Acquisition during the first quarter valued at $5,062,000. Polar Asset Management Partners Inc. purchased a new stake in IG Acquisition in the 1st quarter worth about $2,474,000. Sona Asset Management US LLC purchased a new stake in IG Acquisition in the 1st quarter worth about $1,297,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in IG Acquisition during the 1st quarter worth about $4,970,000. Finally, DLD Asset Management LP acquired a new stake in IG Acquisition during the 1st quarter worth about $1,238,000. Hedge funds and other institutional investors own 38.82% of the company’s stock.

About IG Acquisition

IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.