Iron Horse Acquisitions Corp. (NASDAQ:IROH) Short Interest Down 86.5% in July

Key Points

• Iron Horse Acquisitions Corp. experienced an 86.5% decrease in short interest in July, with only 3,500 shares sold short as of July 31st.
• The company's stock price declined by 12.8% to $7.85, trading significantly below its 52-week high of $14.71.
• Wall Street analysts upgraded Iron Horse Acquisitions to a "sell" rating, reflecting bearish sentiment towards the stock amidst significant institutional trading activity.

Iron Horse Acquisitions Corp. (NASDAQ:IROH - Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 3,500 shares, adecreaseof86.5% from the July 15th total of 25,900 shares. Based on an average trading volume of 122,700 shares, the short-interest ratio is presently 0.0 days. Approximately0.1% of the company's stock are sold short. Approximately0.1% of the company's stock are sold short. Based on an average trading volume of 122,700 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Wall Street Zen raised Iron Horse Acquisitions to a "sell" rating in a research report on Saturday, July 26th.

Institutional Trading of Iron Horse Acquisitions

A number of institutional investors and hedge funds have recently modified their holdings of IROH. Virtu Financial LLC bought a new stake in shares of Iron Horse Acquisitions in the first quarter worth $106,000. SkyView Investment Advisors LLC purchased a new stake in shares of Iron Horse Acquisitions in the second quarter worth about $157,000. Jane Street Group LLC purchased a new stake in shares of Iron Horse Acquisitions in the second quarter valued at $173,000. Spartan Fund Management Inc. raised its holdings in shares of Iron Horse Acquisitions by 2,272.7% in the fourth quarter. Spartan Fund Management Inc. now owns 52,200 shares of the company's stock worth $537,000 after buying an additional 50,000 shares during the period. Finally, Warberg Asset Management LLC raised its holdings in shares of Iron Horse Acquisitions by 87.1% in the first quarter. Warberg Asset Management LLC now owns 62,417 shares of the company's stock worth $655,000 after buying an additional 29,050 shares during the period.

Iron Horse Acquisitions Stock Up 23.3%

Shares of Iron Horse Acquisitions stock traded up $1.63 on Monday, reaching $8.63. The company's stock had a trading volume of 1,373 shares, compared to its average volume of 74,308. The firm's fifty day simple moving average is $10.25 and its two-hundred day simple moving average is $10.40. Iron Horse Acquisitions has a 52 week low of $5.70 and a 52 week high of $14.71.

Iron Horse Acquisitions Company Profile

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.