Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) Stock Short Interest Rises 2,494.4%

by · The Cerbat Gem

Iron Horse Acquisitions II Corp. (NASDAQ:IRHO – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,401 shares, an increase of 2,494.4% from the September 30th total of 54 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 89,415 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Iron Horse Acquisitions II

A hedge fund recently raised its position in Iron Horse Acquisitions II stock. PenderFund Capital Management Ltd. increased its holdings in shares of Iron Horse Acquisitions II Corp. (NASDAQ:IRHO – Free Report) by 158.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,800 shares of the company’s stock after buying an additional 15,800 shares during the quarter. PenderFund Capital Management Ltd. owned 0.09% of Iron Horse Acquisitions II worth $259,000 as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Iron Horse Acquisitions II from a “sell (e+)” rating to a “sell (e)” rating in a report on Monday, October 12th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

View Our Latest Analysis on Iron Horse Acquisitions II

Iron Horse Acquisitions II Stock Up 0.1%

NASDAQ:IRHO traded up $0.01 during trading hours on Monday, hitting $10.09. The stock had a trading volume of 5,076 shares, compared to its average volume of 62,292. The business’s 50 day moving average is $10.06 and its 200-day moving average is $10.00. Iron Horse Acquisitions II has a one year low of $9.85 and a one year high of $10.14.

Iron Horse Acquisitions II Company Profile

(Get Free Report)

Iron Horse Acquisitions II (NASDAQ: IRHO) is a special purpose acquisition company, or SPAC. The company was formed to pursue a business combination with one or more private companies, which could involve a merger, acquisition, or similar transaction.

Unlike an operating company, Iron Horse Acquisitions II does not have an established portfolio of products or services. Its activities are focused on identifying a suitable acquisition target, negotiating transaction terms, and completing a business combination that would allow the target to become publicly traded.

The company’s operations are primarily centered on evaluating potential opportunities and managing the requirements associated with its public-company structure.

Further Reading