Iron Horse Acquisitions Corp. (NASDAQ:IROH) Sees Large Increase in Short Interest

Iron Horse Acquisitions Corp. (NASDAQ:IROH) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 10,400 shares, an increase of 100.0% from the November 30th total of 5,200 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 21,400 shares, the short-interest ratio is presently 0.5 days.

Iron Horse Acquisitions Trading Up 0.1 %

Shares of NASDAQ IROH traded up $0.01 during mid-day trading on Friday, hitting $10.30. The company had a trading volume of 22,300 shares, compared to its average volume of 6,833. The firm’s 50 day simple moving average is $10.28 and its two-hundred day simple moving average is $10.18. Iron Horse Acquisitions has a 12 month low of $9.97 and a 12 month high of $11.11.

Institutional Investors Weigh In On Iron Horse Acquisitions

A number of hedge funds have recently added to or reduced their stakes in IROH. Wolverine Asset Management LLC bought a new stake in shares of Iron Horse Acquisitions during the second quarter valued at approximately $43,000. Cowen AND Company LLC boosted its position in Iron Horse Acquisitions by 145.7% during the 2nd quarter. Cowen AND Company LLC now owns 122,268 shares of the company’s stock worth $1,230,000 after acquiring an additional 72,496 shares during the period. Walleye Trading LLC acquired a new position in Iron Horse Acquisitions during the 3rd quarter worth $1,449,000. Verition Fund Management LLC grew its stake in shares of Iron Horse Acquisitions by 1.6% in the third quarter. Verition Fund Management LLC now owns 166,706 shares of the company’s stock worth $1,699,000 after purchasing an additional 2,621 shares in the last quarter. Finally, CVI Holdings LLC acquired a new position in shares of Iron Horse Acquisitions during the second quarter valued at $1,932,000.

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.