Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) Short Interest Up 198.3% in July

Infinite Eagle Acquisition Corp. (NASDAQ:IEAG) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 5,498 shares, a growth of 198.3% from the July 15th total of 1,843 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 94,580 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Infinite Eagle Acquisition in a research report on Wednesday, June 3rd. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Infinite Eagle Acquisition Price Performance

Shares of NASDAQ:IEAG traded up $0.04 during midday trading on Thursday, reaching $10.25. The company’s stock had a trading volume of 866,150 shares, compared to its average volume of 100,149. Infinite Eagle Acquisition has a fifty-two week low of $9.97 and a fifty-two week high of $10.27. The stock has a 50 day moving average of $10.16.

About Infinite Eagle Acquisition

Infinite Eagle Acquisition Corp is a blank check company.