Iris Acquisition Corp II (NYSE:IRAB – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 113 shares, a drop of 54.1% from the July 15th total of 246 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 519 shares, the short-interest ratio is currently 0.2 days.
Iris Acquisition Corp II Stock Up 0.4%
Iris Acquisition Corp II stock traded up $0.04 during mid-day trading on Friday, reaching $9.97. 5,043 shares of the company were exchanged, compared to its average volume of 292. The firm’s fifty day moving average is $9.96. Iris Acquisition Corp II has a 12-month low of $9.81 and a 12-month high of $10.07.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings initiated coverage on shares of Iris Acquisition Corp II in a research report on Tuesday. They issued a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.
About Iris Acquisition Corp II
Iris Acquisition Corp II is a blank check company.
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