Short Interest in IB Acquisition Corp. (NASDAQ:IBAC) Increases By 37.5%

IB Acquisition Corp. (NASDAQ:IBAC) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 1,100 shares, an increase of 37.5% from the January 31st total of 800 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 37,000 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On IB Acquisition

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC lifted 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 valued at $922,000 after buying an additional 34,812 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in IB Acquisition in the 3rd quarter valued at $1,084,000. Rivernorth Capital Management LLC lifted its position in 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 acquiring an additional 15,270 shares in the last quarter. Berkley W R Corp boosted its stake in IB Acquisition by 705.7% in the 4th quarter. Berkley W R Corp now owns 198,675 shares of the company’s stock worth $2,012,000 after purchasing an additional 174,016 shares during the period. Finally, Periscope Capital Inc. increased its holdings in IB Acquisition by 9.1% during the 3rd 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 in the last quarter.

IB Acquisition Stock Performance

Shares of IB Acquisition stock opened at $10.25 on Tuesday. The business has a 50-day moving average of $10.20 and a two-hundred day moving average of $10.10. IB Acquisition has a 1 year low of $9.93 and a 1 year high of $10.50.

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.