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

IB Acquisition Corp. (NASDAQ:IBAC) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 1,100 shares, a growth of 37.5% from the January 31st total of 800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 37,000 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On IB Acquisition

A number of large investors have recently modified their holdings of the company. Virtu Financial LLC raised its stake in IB Acquisition by 60.7% during the third quarter. Virtu Financial LLC now owns 92,154 shares of the company’s stock worth $922,000 after acquiring an additional 34,812 shares during the period. Wolverine Asset Management LLC acquired a new stake in IB Acquisition in the third quarter worth $1,084,000. Rivernorth Capital Management LLC increased its position in IB Acquisition by 11.3% in the third quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company’s stock worth $1,500,000 after buying an additional 15,270 shares during the period. Berkley W R Corp lifted its stake 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 buying an additional 174,016 shares during the last quarter. Finally, Periscope Capital Inc. boosted 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 valued at $3,000,000 after acquiring an additional 25,000 shares during the period.

IB Acquisition Stock Performance

Shares of IBAC traded up $0.01 during trading hours on Wednesday, reaching $10.26. The company had a trading volume of 4,273 shares, compared to its average volume of 61,320. IB Acquisition has a 12-month low of $9.93 and a 12-month high of $10.50. The firm has a 50 day simple moving average of $10.20 and a 200-day simple moving average of $10.10.

IB Acquisition Company Profile

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.