Iris Acquisition Corp II (NYSE:IRAB) Sees Large Drop in Short Interest

by · The Markets Daily

Iris Acquisition Corp II (NYSE:IRAB – Get Free Report) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 42 shares, a drop of 62.8% from the July 30th total of 113 shares. Based on an average daily trading volume, of 15 shares, the short-interest ratio is presently 2.8 days. Currently, 0.0% of the company’s stock are short sold.

Iris Acquisition Corp II Stock Up 0.1%

Iris Acquisition Corp II stock traded up $0.01 during trading hours on Friday, reaching $9.98. 182 shares of the company were exchanged, compared to its average volume of 27,687. The firm has a 50-day moving average price of $9.97. Iris Acquisition Corp II has a 12 month low of $9.81 and a 12 month high of $10.07.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on Iris Acquisition Corp II in a research report on Tuesday, August 11th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Iris Acquisition Corp II currently has an average rating of “Sell”.

View Our Latest Analysis on Iris Acquisition Corp II

About Iris Acquisition Corp II

(Get Free Report)

Iris Acquisition Corp II is a blank check company.

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