IB Acquisition Corp. (NASDAQ:IBAC - Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 8,100 shares, a growth of 11.0% from the November 30th total of 7,300 shares. Based on an average trading volume of 34,400 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company's shares are sold short.
IB Acquisition Price Performance
Shares of IB Acquisition stock remained flat at $10.13 during trading on Wednesday. The company had a trading volume of 215,697 shares, compared to its average volume of 69,670. IB Acquisition has a twelve month low of $9.93 and a twelve month high of $10.26. The business's fifty day simple moving average is $10.09 and its 200-day simple moving average is $10.03.
Institutional Trading of IB Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of IBAC. Berkley W R Corp acquired a new stake in IB Acquisition during the 2nd quarter worth $246,000. Condor Capital Management bought a new stake in shares of IB Acquisition in the second quarter worth about $422,000. Dakota Wealth Management acquired a new stake in shares of IB Acquisition during the third quarter worth about $682,000. SkyView Investment Advisors LLC bought a new position in shares of IB Acquisition during the 2nd quarter valued at about $748,000. Finally, Virtu Financial LLC grew its position in shares of IB Acquisition by 60.7% in the 3rd quarter. Virtu Financial LLC now owns 92,154 shares of the company's stock valued at $922,000 after purchasing an additional 34,812 shares during the period.
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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