Short Interest in IB Acquisition Corp. (NASDAQ:IBAC) Declines By 81.5%

IB Acquisition Corp. (NASDAQ:IBAC) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,500 shares, a decline of 81.5% from the December 15th total of 8,100 shares. Based on an average daily volume of 43,900 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On IB Acquisition

A number of hedge funds have recently modified their holdings of the business. SkyView Investment Advisors LLC purchased a new stake in shares of IB Acquisition in the 2nd quarter valued at $748,000. Highbridge Capital Management LLC acquired a new stake in shares of IB Acquisition during the second quarter worth about $1,995,000. Dakota Wealth Management purchased a new position in shares of IB Acquisition in the third quarter valued at approximately $682,000. Wolverine Asset Management LLC acquired a new position in shares of IB Acquisition in the third quarter valued at approximately $1,084,000. Finally, K2 Principal Fund L.P. purchased a new stake in IB Acquisition during the 2nd quarter worth approximately $1,496,000.

IB Acquisition Trading Down 0.1 %

IBAC traded down $0.01 during trading hours on Monday, reaching $10.15. The company’s stock had a trading volume of 2,076 shares, compared to its average volume of 49,263. The business’s 50-day moving average is $10.10 and its 200-day moving average is $10.04. IB Acquisition has a fifty-two week low of $9.93 and a fifty-two week high of $10.26.

About IB Acquisition

IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.