Iron Horse Acquisitions Corp. (NASDAQ:IROH) Short Interest Up 100.0% in December

by · The Cerbat Gem

Iron Horse Acquisitions Corp. (NASDAQ:IROH – Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 10,400 shares, a growth of 100.0% from the November 30th total of 5,200 shares. Based on an average trading volume of 21,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Iron Horse Acquisitions Price Performance

NASDAQ:IROH traded up $0.01 during mid-day trading on Friday, reaching $10.30. 22,300 shares of the stock were exchanged, compared to its average volume of 6,833. The business has a fifty day moving average price of $10.28 and a 200 day moving average price of $10.18. Iron Horse Acquisitions has a 1-year low of $9.97 and a 1-year high of $11.11.

Institutional Trading of Iron Horse Acquisitions

A number of large investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC increased its stake in Iron Horse Acquisitions by 13.2% in the 3rd quarter. Rivernorth Capital Management LLC now owns 508,133 shares of the company’s stock worth $5,178,000 after purchasing an additional 59,108 shares in the last quarter. Berkley W R Corp boosted its holdings in shares of Iron Horse Acquisitions by 45.3% in the third quarter. Berkley W R Corp now owns 398,551 shares of the company’s stock worth $4,061,000 after buying an additional 124,312 shares during the period. Crossingbridge Advisors LLC boosted its holdings in shares of Iron Horse Acquisitions by 337.2% in the third quarter. Crossingbridge Advisors LLC now owns 327,868 shares of the company’s stock worth $3,341,000 after buying an additional 252,868 shares during the period. Wolverine Asset Management LLC increased its position in shares of Iron Horse Acquisitions by 5,903.6% in the third quarter. Wolverine Asset Management LLC now owns 257,495 shares of the company’s stock worth $2,624,000 after acquiring an additional 253,206 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Iron Horse Acquisitions during the third quarter valued at approximately $2,576,000.

Iron Horse Acquisitions Company Profile

(Get Free Report)

Iron Horse Acquisitions Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on identifying targeted companies operating in content studios and film production, family entertainment, animation, music, gaming, e-sports, talent management, and talent-facing brands and businesses in the United States.

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