IX Acquisition Corp. (NASDAQ:IXAQ) Short Interest Update

IX Acquisition Corp. (NASDAQ:IXAQ) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 700 shares, a decrease of 12.5% from the August 15th total of 800 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

IX Acquisition Price Performance

Shares of IXAQ remained flat at $11.47 during trading hours on Wednesday. 28 shares of the company were exchanged, compared to its average volume of 9,152. IX Acquisition has a 1-year low of $10.89 and a 1-year high of $11.57. The company’s 50 day moving average is $11.46 and its 200-day moving average is $11.36.

Institutional Investors Weigh In On IX Acquisition

A hedge fund recently bought a new stake in IX Acquisition stock. Cowen AND Company LLC bought a new position in shares of IX Acquisition Corp. (NASDAQ:IXAQ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,917 shares of the company’s stock, valued at approximately $124,000. Cowen AND Company LLC owned approximately 0.13% of IX Acquisition as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 27.49% of the company’s stock.

IX Acquisition Company Profile

IX Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on companies in the technology, media and telecommunications, and information and communication technology industries.