Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) Sees Significant Drop in Short Interest

Iron Horse Acquisitions II Corp. (NASDAQ:IRHOGet Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 877 shares, a drop of 64.6% from the August 15th total of 2,478 shares. Based on an average daily trading volume, of 151,092 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Iron Horse Acquisitions II

A hedge fund recently raised its stake in Iron Horse Acquisitions II stock. PenderFund Capital Management Ltd. raised its holdings in Iron Horse Acquisitions II Corp. (NASDAQ:IRHOFree Report) by 158.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,800 shares of the company’s stock after purchasing an additional 15,800 shares during the period. PenderFund Capital Management Ltd. owned 0.09% of Iron Horse Acquisitions II worth $259,000 at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Iron Horse Acquisitions II from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Iron Horse Acquisitions II presently has an average rating of “Sell”.

Get Our Latest Stock Analysis on IRHO

Iron Horse Acquisitions II Stock Performance

Shares of IRHO stock remained flat at $10.06 during mid-day trading on Friday. The stock had a trading volume of 39 shares, compared to its average volume of 59,632. Iron Horse Acquisitions II has a twelve month low of $9.85 and a twelve month high of $10.14. The firm has a 50-day moving average of $10.03.

About Iron Horse Acquisitions II

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Iron Horse Acquisitions II Corp is a blank check company.

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