Iris Acquisition Corp II (NYSE:IRAB – Get Free Report) was the recipient of a significant drop in short interest during the month of 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 15 shares, the short-interest ratio is currently 2.8 days.
Iris Acquisition Corp II Stock Performance
IRAB traded up $0.01 during midday trading on Friday, hitting $9.98. 182 shares of the company’s stock traded hands, compared to its average volume of 27,687. The company’s fifty day moving average price is $9.97. Iris Acquisition Corp II has a one year low of $9.81 and a one year high of $10.07.
Analysts Set New Price Targets
Separately, Weiss Ratings initiated coverage on Iris Acquisition Corp II in a research note on Tuesday, August 11th. They issued a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.
Iris Acquisition Corp II Company Profile
Iris Acquisition Corp II is a blank check company.
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