IB Acquisition Corp. (NASDAQ:IBAC) Short Interest Up 37.5% in February

IB Acquisition Corp. (NASDAQ:IBAC) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,100 shares, an increase of 37.5% from the January 31st total of 800 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 37,000 shares, the short-interest ratio is currently 0.0 days.

IB Acquisition Price Performance

NASDAQ:IBAC opened at $10.25 on Tuesday. IB Acquisition has a 52-week low of $9.93 and a 52-week high of $10.50. The stock’s 50-day simple moving average is $10.20 and its 200 day simple moving average is $10.10.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IBAC. Wolverine Asset Management LLC boosted its holdings in shares of IB Acquisition by 424.5% in the 4th quarter. Wolverine Asset Management LLC now owns 568,287 shares of the company’s stock valued at $5,754,000 after buying an additional 459,929 shares during the last quarter. Rivernorth Capital Management LLC raised its position in IB Acquisition by 11.3% during the third quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company’s stock worth $1,500,000 after acquiring an additional 15,270 shares in the last quarter. Periscope Capital Inc. lifted its stake in IB Acquisition by 9.1% in the third quarter. Periscope Capital Inc. now owns 300,000 shares of the company’s stock valued at $3,000,000 after acquiring an additional 25,000 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of IB Acquisition in the 4th quarter valued at about $7,507,000. Finally, Berkley W R Corp increased its stake in shares of IB Acquisition by 705.7% during the 4th quarter. Berkley W R Corp now owns 198,675 shares of the company’s stock worth $2,012,000 after purchasing an additional 174,016 shares during the last quarter.

IB Acquisition Company Profile

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.