IB Acquisition Corp. (NASDAQ:IBAC) Short Interest Update

IB Acquisition Corp. (NASDAQ:IBAC - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 600 shares, a decrease of 53.8% from the March 15th total of 1,300 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 20,800 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of IB Acquisition

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC raised its holdings in IB Acquisition by 14.5% during the fourth quarter. Virtu Financial LLC now owns 105,524 shares of the company's stock worth $1,069,000 after purchasing an additional 13,370 shares in the last quarter. Rivernorth Capital Management LLC grew its position in shares of IB Acquisition by 11.3% in the 3rd 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 during the last quarter. Crossingbridge Advisors LLC raised its stake in IB Acquisition by 23.7% during the 4th quarter. Crossingbridge Advisors LLC now owns 455,320 shares of the company's stock worth $4,612,000 after acquiring an additional 87,100 shares in the last quarter. Berkley W R Corp lifted its position in IB Acquisition by 705.7% in the fourth quarter. Berkley W R Corp now owns 198,675 shares of the company's stock valued at $2,012,000 after acquiring an additional 174,016 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in IB Acquisition by 424.5% in the fourth quarter. Wolverine Asset Management LLC now owns 568,287 shares of the company's stock valued at $5,754,000 after acquiring an additional 459,929 shares in the last quarter.

IB Acquisition Stock Up 0.3 %

NASDAQ:IBAC traded up $0.03 during mid-day trading on Friday, hitting $10.37. The stock had a trading volume of 3,500 shares, compared to its average volume of 56,819. IB Acquisition has a twelve month low of $9.93 and a twelve month high of $10.50. The stock has a 50-day simple moving average of $10.30 and a two-hundred day simple moving average of $10.18.

About IB Acquisition

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.