Illumination Acquisition Corp I (NASDAQ:ILLU – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 186 shares, a decrease of 65.7% from the August 31st total of 542 shares. Based on an average daily volume of 113,289 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Illumination Acquisition Corp I Stock Up 0.3%
NASDAQ ILLU traded up $0.03 on Friday, reaching $10.01. The company had a trading volume of 390 shares, compared to its average volume of 67,746. Illumination Acquisition Corp I has a 1 year low of $9.82 and a 1 year high of $11.00. The firm’s 50-day moving average is $9.96.
Analysts Set New Price Targets
Separately, Weiss Ratings initiated coverage on Illumination Acquisition Corp I in a research report on Friday, July 17th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Illumination Acquisition Corp I presently has an average rating of “Sell”.
About Illumination Acquisition Corp I
Illumination Acquisition Corp. I is a special purpose acquisition company (SPAC) organized to identify and combine with one or more operating businesses through a merger, share exchange, asset acquisition, or similar transaction.
As a blank-check company, Illumination Acquisition Corp. I does not operate a conventional business and does not offer products or services of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing a business combination that would result in the acquired company becoming publicly traded.
The company was formed in the United States and has been listed on the Nasdaq under the symbol ILLU.
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