Iron Horse Acquisitions II Corp. (NASDAQ:IRHO) Sees Large Decrease in Short Interest

Iron Horse Acquisitions II Corp. (NASDAQ:IRHOGet Free Report) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 4,022 shares, a decline of 39.8% from the May 14th total of 6,682 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 30,445 shares, the days-to-cover ratio is currently 0.1 days.

Iron Horse Acquisitions II Price Performance

Shares of IRHO traded down $0.01 during mid-day trading on Monday, reaching $10.06. 1,562 shares of the stock traded hands, compared to its average volume of 45,393. The business has a fifty day simple moving average of $9.98. Iron Horse Acquisitions II has a 1 year low of $9.85 and a 1 year high of $10.14.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Iron Horse Acquisitions II in a report on Monday, May 4th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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Iron Horse Acquisitions II Company Profile

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Iron Horse Acquisitions II Corp is a blank check company.

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