Iris Acquisition Corp II (NYSE:IRAB) Sees Significant Drop in Short Interest

Iris Acquisition Corp II (NYSE:IRAB) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 113 shares, a decline of 54.1% from the July 15th total of 246 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 519 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Iris Acquisition Corp II in a research note on Tuesday, August 11th. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Iris Acquisition Corp II Trading Up 0.4%

Shares of IRAB stock traded up $0.04 during trading hours on Friday, reaching $9.97. 5,043 shares of the company were exchanged, compared to its average volume of 287. Iris Acquisition Corp II has a fifty-two week low of $9.81 and a fifty-two week high of $10.07. The business has a fifty day moving average price of $9.96.

Iris Acquisition Corp II Company Profile

Iris Acquisition Corp II is a blank check company.