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IB Acquisition Corp. (NASDAQ:IBAC) Sees Significant Growth in Short Interest

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IB Acquisition Corp. (NASDAQ:IBAC - Get Free Report) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 500 shares, a growth of 25.0% from the May 15th total of 400 shares. Based on an average trading volume of 14,800 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are sold short.

Institutional Trading of IB Acquisition

Several large investors have recently bought and sold shares of IBAC. Wolverine Asset Management LLC grew its position in IB Acquisition by 424.5% in the fourth quarter. Wolverine Asset Management LLC now owns 568,287 shares of the company's stock valued at $5,754,000 after acquiring an additional 459,929 shares in the last quarter. Virtu Financial LLC grew its position in IB Acquisition by 14.5% in the fourth quarter. Virtu Financial LLC now owns 105,524 shares of the company's stock valued at $1,069,000 after acquiring an additional 13,370 shares in the last quarter. Crossingbridge Advisors LLC grew its position in IB Acquisition by 23.7% in the fourth quarter. Crossingbridge Advisors LLC now owns 455,320 shares of the company's stock valued at $4,612,000 after acquiring an additional 87,100 shares in the last quarter. Berkley W R Corp grew its position in IB Acquisition by 705.7% in the fourth quarter. Berkley W R Corp now owns 198,675 shares of the company's stock valued at $2,012,000 after acquiring an additional 174,016 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new position in shares of IB Acquisition during the 4th quarter valued at approximately $7,507,000.

IB Acquisition Stock Down 0.2%

NASDAQ:IBAC traded down $0.02 during trading hours on Friday, hitting $10.44. The stock had a trading volume of 488 shares, compared to its average volume of 46,886. IB Acquisition has a 1-year low of $9.96 and a 1-year high of $10.51. The business has a 50 day simple moving average of $10.42 and a two-hundred day simple moving average of $10.29.

IB Acquisition Company Profile

(Get Free Report)

IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.

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