IB Acquisition Corp. (NASDAQ:IBAC - Get Free Report) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,500 shares, a decrease of 81.5% from the December 31st total of 8,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 43,900 shares, the days-to-cover ratio is presently 0.0 days.
IB Acquisition Trading Up 0.1 %
Shares of IB Acquisition stock traded up $0.01 during mid-day trading on Friday, reaching $10.24. 1,901 shares of the stock were exchanged, compared to its average volume of 46,018. IB Acquisition has a fifty-two week low of $9.93 and a fifty-two week high of $10.41. The firm has a 50-day simple moving average of $10.14 and a 200 day simple moving average of $10.07.
Institutional Trading of IB Acquisition
Several large investors have recently added to or reduced their stakes in IBAC. Wolverine Asset Management LLC acquired a new position in shares of IB Acquisition in the 3rd quarter worth approximately $1,084,000. Dakota Wealth Management bought a new position in IB Acquisition in the 3rd quarter valued at $682,000. Virtu Financial LLC boosted its stake in IB Acquisition by 60.7% in the third quarter. Virtu Financial LLC now owns 92,154 shares of the company's stock worth $922,000 after purchasing an additional 34,812 shares in the last quarter. Periscope Capital Inc. grew its holdings in shares of IB Acquisition by 9.1% during the third quarter. Periscope Capital Inc. now owns 300,000 shares of the company's stock worth $3,000,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Rivernorth Capital Management LLC increased its stake in shares of IB Acquisition by 11.3% in the third quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company's stock valued at $1,500,000 after buying an additional 15,270 shares in the last quarter.
About IB Acquisition
(
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IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.
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