Iris Acquisition Corp II (NYSE:IRAB) Short Interest Down 62.8% in August

Iris Acquisition Corp II (NYSE:IRAB) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 42 shares, a decrease of 62.8% from the July 30th total of 113 shares. Based on an average daily trading volume, of 15 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Iris Acquisition Corp II in a report on Tuesday, August 11th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Iris Acquisition Corp II Stock Up 0.1%

Shares of Iris Acquisition Corp II stock traded up $0.01 during trading on Friday, reaching $9.98. 182 shares of the company traded hands, compared to its average volume of 23,970. Iris Acquisition Corp II has a 1-year low of $9.81 and a 1-year high of $10.07. The company has a 50 day moving average price of $9.97.

About Iris Acquisition Corp II

Iris Acquisition Corp II is a blank check company.