Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) Short Interest Update

Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,577 shares, an increase of 74.3% from the August 15th total of 4,920 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 4,792 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Infinite Eagle Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Infinite Eagle Acquisition Trading Down 0.4%

Shares of NASDAQ IEAG traded down $0.04 during midday trading on Wednesday, reaching $10.22. The company had a trading volume of 280,217 shares, compared to its average volume of 10,749. Infinite Eagle Acquisition has a one year low of $9.97 and a one year high of $10.30. The company’s fifty day simple moving average is $10.23.

About Infinite Eagle Acquisition

Infinite Eagle Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination with one or more operating businesses, which may include a merger, stock exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, Infinite Eagle Acquisition Corp. does not have an established portfolio of products or services. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction intended to create a public company.

Information about the company’s target industry, geographic focus and leadership is limited.