Illumination Acquisition Corp I (NASDAQ:ILLU – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 962 shares, a growth of 640.0% from the October 15th total of 130 shares. Based on an average daily volume of 79,168 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Illumination Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Illumination Acquisition Corp I has an average rating of “Sell”.
View Our Latest Stock Report on Illumination Acquisition Corp I
Illumination Acquisition Corp I Stock Up 0.0%
Shares of ILLU opened at $9.99 on Friday. 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 $9.99.
Illumination Acquisition Corp I Company Profile
Illumination Acquisition Corp I is a special purpose acquisition company, or blank check company. It was formed to pursue a business combination, such as a merger, share exchange, asset acquisition, or similar transaction. Unlike an operating company, Illumination does not provide products or services to customers. Its business is focused on identifying and completing a combination with another business. The company’s operations and geographic reach depend on any business it may combine with; no specific operating business or service area is identified here.
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