Short Interest in IB Acquisition Corp. (NASDAQ:IBAC) Rises By 20.5%

IB Acquisition Corp. (NASDAQ:IBAC) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 8,800 shares, a growth of 20.5% from the September 30th total of 7,300 shares. Based on an average trading volume of 21,700 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Berkley W R Corp acquired a new position in shares of IB Acquisition in the 2nd quarter valued at $246,000. Condor Capital Management purchased a new stake in IB Acquisition in the 2nd quarter valued at $422,000. Dakota Wealth Management purchased a new stake in IB Acquisition in the 3rd quarter valued at $682,000. SkyView Investment Advisors LLC purchased a new stake in IB Acquisition in the 2nd quarter valued at $748,000. Finally, Clear Street LLC purchased a new stake in IB Acquisition in the 2nd quarter valued at $1,395,000.

IB Acquisition Stock Down 0.1 %

NASDAQ IBAC traded down $0.01 on Wednesday, hitting $10.07. 8,908 shares of the stock were exchanged, compared to its average volume of 77,102. IB Acquisition has a fifty-two week low of $9.93 and a fifty-two week high of $10.26. The firm has a 50-day simple moving average of $10.02.

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.