Illumination Acquisition Corp I (NASDAQ:ILLU) Stock Short Interest Jumps 640.0%

Illumination Acquisition Corp I (NASDAQ:ILLU) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 962 shares, a growth of 640.0% from the October 15th total of 130 shares. Based on an average trading volume of 79,168 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Illumination Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Illumination Acquisition Corp I currently has a consensus rating of “Sell”.

Illumination Acquisition Corp I Stock Up 0.0%

ILLU stock traded up $0.00 during mid-day trading on Thursday, reaching $9.99. 35,024 shares of the company traded hands, compared to its average volume of 77,219. The company has a fifty day moving average price of $9.99. Illumination Acquisition Corp I has a 52-week low of $9.82 and a 52-week high of $11.00.

About Illumination Acquisition Corp I

Illumination Acquisition Corp I is a special purpose acquisition company, or blank check company. It was formed to pursue a business combination, such as a merger, share exchange, asset acquisition, or similar transaction. Unlike an operating company, Illumination does not provide products or services to customers. Its business is focused on identifying and completing a combination with another business. The company’s operations and geographic reach depend on any business it may combine with; no specific operating business or service area is identified here.