IG Acquisition Corp. (NASDAQ:IGAC) Shares Shorted: Short Interest Up 226.3% in September

Posted by Brenda Bartman on Oct 12th, 2026

IG Acquisition Corp. (NASDAQ:IGAC – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 4,806 shares, an increase of 226.3% from the September 15th total of 1,473 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 28,590 shares, the days-to-cover ratio is currently 0.2 days.

IG Acquisition Stock Up 0.1%

NASDAQ:IGAC traded up $0.01 during trading hours on Monday, hitting $10.11. 1,030 shares of the company were exchanged, compared to its average volume of 39,388. IG Acquisition has a 52-week low of $9.82 and a 52-week high of $10.14. The company’s 50 day moving average price is $10.09 and its 200-day moving average price is $10.02.

IG Acquisition (NASDAQ:IGAC – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised IG Acquisition from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

Read Our Latest Analysis on IG Acquisition

Hedge Funds Weigh In On IG Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC acquired a new stake in IG Acquisition during the 1st quarter worth about $5,062,000. Polar Asset Management Partners Inc. acquired a new position in shares of IG Acquisition in the first quarter valued at about $2,474,000. Sona Asset Management US LLC acquired a new position in shares of IG Acquisition in the first quarter valued at about $1,297,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of IG Acquisition in the first quarter worth about $4,970,000. Finally, DLD Asset Management LP purchased a new position in shares of IG Acquisition in the first quarter worth about $1,238,000. Hedge funds and other institutional investors own 38.82% of the company’s stock.

IG Acquisition Company Profile

(Get Free Report)

IG Acquisition Corp. (NASDAQ: IGAC) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Unlike an operating company, its primary activities are evaluating potential merger, acquisition, or similar opportunities.

The company does not operate a significant portfolio of products or services of its own. Its business strategy is centered on finding a suitable target company and completing a transaction that would result in the target becoming a publicly traded business.

IG Acquisition Corp.