Iris Acquisition Corp II (NYSE:IRAB) Stock Short Interest Climbs 553.8%

Iris Acquisition Corp II (NYSE:IRAB) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 255 shares, an increase of 553.8% from the August 31st total of 39 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 25,727 shares, the days-to-cover ratio is presently 0.0 days.

Iris Acquisition Corp II Trading Up 0.0%

Shares of Iris Acquisition Corp II stock traded up $0.00 during trading hours on Friday, reaching $10.00. 13,811 shares of the company were exchanged, compared to its average volume of 41,269. Iris Acquisition Corp II has a 1 year low of $9.81 and a 1 year high of $10.10. The firm has a fifty day moving average of $10.00.

Analyst Upgrades and Downgrades

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

About Iris Acquisition Corp II

Iris Acquisition Corp. II is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the symbol IRAB. The company was formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating companies.

As a blank-check company, Iris Acquisition Corp. II does not operate a conventional business and does not currently offer products or services of its own. Its primary activities involve raising capital through a public offering, placing funds into a trust account and evaluating potential acquisition targets.

The company has not disclosed a completed business combination or an operating history that would support a more detailed description of its products, markets or geographic reach.