Idea Acquisition Corp. (NASDAQ:IACO – Get Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 1,673 shares, a growth of 104.0% from the July 30th total of 820 shares. Based on an average daily volume of 13,904 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Idea Acquisition Trading Up 0.1%
Shares of IACO traded up $0.01 during trading hours on Friday, reaching $9.99. 1,101 shares of the company’s stock traded hands, compared to its average volume of 43,617. The firm’s 50 day simple moving average is $9.94. Idea Acquisition has a 12 month low of $9.78 and a 12 month high of $9.99.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings assumed coverage on shares of Idea Acquisition in a research report on Friday, August 14th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Idea Acquisition Company Profile
Idea Acquisition Corp is a blank check company.
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