Irenic Acquisition Corp. Unit (NASDAQ:IACQU) Sees Large Decline in Short Interest

Irenic Acquisition Corp. Unit (NASDAQ:IACQU) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 1,821 shares, a drop 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.

Wall Street Analyst Weigh In

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

Irenic Acquisition Corp. Unit Trading Up 1.5%

NASDAQ:IACQU traded up $0.15 on Tuesday, hitting $10.28. 3,086 shares of the stock were exchanged, compared to its average volume of 95,019. Irenic Acquisition Corp. Unit has a 52 week low of $9.99 and a 52 week high of $10.75. The business has a 50-day moving average of $10.09.