Short Interest in Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) Rises By 74.3%

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

Analyst Upgrades and Downgrades

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

Infinite Eagle Acquisition Stock Down 0.4%

NASDAQ:IEAG traded down $0.04 during trading hours on Wednesday, hitting $10.22. The company had a trading volume of 280,217 shares, compared to its average volume of 10,749. The company’s 50-day simple moving average is $10.23. Infinite Eagle Acquisition has a 52 week low of $9.97 and a 52 week high of $10.30.

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.