IG Acquisition Corp. (NASDAQ:IGAC – Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 791 shares, a decrease of 60.4% from the May 31st total of 1,995 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 653 shares, the short-interest ratio is presently 1.2 days.
Institutional Trading of IG Acquisition
A number of hedge funds have recently made changes to their positions in the company. TrueMark Investments LLC purchased a new stake in shares of IG Acquisition during the first quarter worth about $142,000. Meteora Capital LLC bought a new position in IG Acquisition during the 4th quarter valued at $300,000. ABC Arbitrage SA acquired a new position in IG Acquisition during the 1st quarter worth $396,000. Virtu Financial LLC acquired a new position in IG Acquisition during the 4th quarter worth $402,000. Finally, Governors Lane LP bought a new stake in shares of IG Acquisition in the 4th quarter worth about $492,000. Hedge funds and other institutional investors own 38.82% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
IG Acquisition Stock Up 0.1%
NASDAQ:IGAC traded up $0.01 during mid-day trading on Monday, reaching $10.01. The company’s stock had a trading volume of 409 shares, compared to its average volume of 32,597. The company’s fifty day simple moving average is $9.99 and its two-hundred day simple moving average is $9.95. IG Acquisition has a twelve month low of $9.82 and a twelve month high of $10.02.
IG Acquisition (NASDAQ:IGAC – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported $0.06 EPS for the quarter.
IG Acquisition Company Profile
IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
Featured Articles
- Five stocks we like better than IG Acquisition
- The AI Boom Has a Second Act—And It’s Playing Out in Optics
- Gold’s 2026 Rally Has Cracked—Is It Time to Buy the Pullback?
- 5 Tech Stocks to Buy on the July Pullback
- Is OpenAI’s IPO Delay a Warning for AI Investors?
Receive News & Ratings for IG Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IG Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
