Iris Acquisition Corp II (NYSE:IRAB) Sees Large Decrease in Short Interest

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

Analyst Upgrades and Downgrades

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

Iris Acquisition Corp II Stock Performance

IRAB stock traded up $0.03 during midday trading on Monday, reaching $9.96. The stock had a trading volume of 225,006 shares, compared to its average volume of 26,169. Iris Acquisition Corp II has a 52-week low of $9.81 and a 52-week high of $10.07. The firm has a fifty day moving average price of $9.96.

About Iris Acquisition Corp II

Iris Acquisition Corp II is a blank check company.