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

IB Acquisition Corp. (NASDAQ:IBAC) was the recipient of 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. Based on an average daily trading volume, of 37,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

IB Acquisition Trading Up 0.1 %

Shares of NASDAQ:IBAC opened at $10.26 on Thursday. IB Acquisition has a 1 year low of $9.93 and a 1 year high of $10.50. The business’s 50 day moving average price is $10.20 and its 200-day moving average price is $10.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank purchased a new position in shares of IB Acquisition during the 4th quarter valued at approximately $7,507,000. Wolverine Asset Management LLC raised its stake in IB Acquisition by 424.5% in the 4th quarter. Wolverine Asset Management LLC now owns 568,287 shares of the company’s stock valued at $5,754,000 after purchasing an additional 459,929 shares during the last quarter. Crossingbridge Advisors LLC raised its stake in IB Acquisition by 23.7% in the 4th quarter. Crossingbridge Advisors LLC now owns 455,320 shares of the company’s stock valued at $4,612,000 after purchasing an additional 87,100 shares during the last quarter. Periscope Capital Inc. raised its stake in IB Acquisition by 9.1% in the 3rd quarter. Periscope Capital Inc. now owns 300,000 shares of the company’s stock valued at $3,000,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Berkley W R Corp raised 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 valued at $2,012,000 after purchasing an additional 174,016 shares during the last quarter.

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.