Iron Horse Acquisitions Corp. (NASDAQ:IROH) Short Interest Up 80.0% in February

Iron Horse Acquisitions Corp. (NASDAQ:IROH) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,700 shares, an increase of 80.0% from the February 13th total of 1,500 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 28,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IROH. Rivernorth Capital Management LLC increased its stake in shares of Iron Horse Acquisitions by 13.2% during the 3rd quarter. Rivernorth Capital Management LLC now owns 508,133 shares of the company’s stock worth $5,178,000 after purchasing an additional 59,108 shares during the last quarter. Wolverine Asset Management LLC increased its position in Iron Horse Acquisitions by 75.6% in the fourth quarter. Wolverine Asset Management LLC now owns 452,223 shares of the company’s stock worth $4,653,000 after buying an additional 194,728 shares during the last quarter. Berkley W R Corp raised its stake in shares of Iron Horse Acquisitions by 45.3% in the third quarter. Berkley W R Corp now owns 398,551 shares of the company’s stock valued at $4,061,000 after buying an additional 124,312 shares during the period. Walleye Trading LLC lifted its position in shares of Iron Horse Acquisitions by 150.0% during the 4th quarter. Walleye Trading LLC now owns 355,500 shares of the company’s stock valued at $3,658,000 after buying an additional 213,300 shares during the last quarter. Finally, Crossingbridge Advisors LLC grew its stake in shares of Iron Horse Acquisitions by 337.2% during the 3rd quarter. Crossingbridge Advisors LLC now owns 327,868 shares of the company’s stock worth $3,341,000 after acquiring an additional 252,868 shares during the period.

Iron Horse Acquisitions Price Performance

Shares of NASDAQ:IROH traded up $0.03 during midday trading on Friday, reaching $10.51. The company had a trading volume of 102 shares, compared to its average volume of 23,606. The company’s 50 day moving average price is $10.40 and its 200 day moving average price is $10.29. Iron Horse Acquisitions has a 52-week low of $9.97 and a 52-week high of $11.11.

About Iron Horse Acquisitions

Iron Horse Acquisitions Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on identifying targeted companies operating in content studios and film production, family entertainment, animation, music, gaming, e-sports, talent management, and talent-facing brands and businesses in the United States.