ION Acquisition Corp 2 Ltd. (NYSE:IACB) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 61,200 shares, an increase of 230.8% from the August 15th total of 18,500 shares. Based on an average daily volume of 155,700 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.
NYSE:IACB remained flat at $$9.85 on Wednesday. The company’s stock had a trading volume of 718 shares, compared to its average volume of 111,141. ION Acquisition Corp 2 has a 1 year low of $9.75 and a 1 year high of $10.36. The business has a fifty day simple moving average of $9.87.
A number of institutional investors and hedge funds have recently bought and sold shares of IACB. Ancora Advisors LLC acquired a new position in ION Acquisition Corp 2 during the 2nd quarter worth approximately $99,000. Eisler Capital UK Ltd. bought a new stake in shares of ION Acquisition Corp 2 in the second quarter worth $692,000. OTA Financial Group L.P. bought a new stake in ION Acquisition Corp 2 during the 2nd quarter worth about $725,000. JPMorgan Chase & Co. acquired a new position in shares of ION Acquisition Corp 2 during the 2nd quarter worth about $926,000. Finally, Cohanzick Management LLC acquired a new stake in shares of ION Acquisition Corp 2 in the second quarter valued at about $1,484,000. 37.74% of the stock is currently owned by institutional investors and hedge funds.
ION Acquisition Corp 2 Ltd. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Herzliya, Israel.
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