Irenic Acquisition Corp. Unit (NASDAQ:IACQU – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,968 shares, an increase of 61.7% from the August 31st total of 1,217 shares. Based on an average trading volume of 1,006 shares, the short-interest ratio is currently 2.0 days.
Irenic Acquisition Corp. Unit Price Performance
Shares of NASDAQ:IACQU opened at $10.13 on Friday. Irenic Acquisition Corp. Unit has a 52-week low of $9.65 and a 52-week high of $10.75. The business’s fifty day moving average is $10.14.
About Irenic Acquisition Corp. Unit
Irenic Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, acquisition or similar transaction, with an operating company. As a blank-check company, it does not have its own commercial products, services or established operating business.
The company was sponsored by an affiliate of Irenic Capital Management and was established to pursue a target in consumer-oriented and related industries. Its search may include sectors such as media, entertainment, technology, retail and leisure, although the company’s activities depend on the completion of a transaction with a suitable target.
Irenic Acquisition Corp.
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