International Media Acquisition Corp. (NASDAQ:IMAQR) Short Interest Up 9.9% in March

International Media Acquisition Corp. (NASDAQ:IMAQRGet Free Report) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 22,300 shares, an increase of 9.9% from the February 29th total of 20,300 shares. Based on an average daily trading volume, of 24,700 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On International Media Acquisition

An institutional investor recently raised its position in International Media Acquisition stock. Mangrove Partners increased its holdings in International Media Acquisition Corp. (NASDAQ:IMAQRFree Report) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,500,000 shares of the company’s stock after purchasing an additional 141,197 shares during the period. Mangrove Partners’ holdings in International Media Acquisition were worth $105,000 as of its most recent SEC filing.

International Media Acquisition Price Performance

Shares of IMAQR opened at $0.07 on Wednesday. International Media Acquisition has a 1-year low of $0.01 and a 1-year high of $0.14. The firm has a 50 day simple moving average of $0.07 and a 200-day simple moving average of $0.06.

International Media Acquisition Company Profile

(Get Free Report)

International Media Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment sector. International Media Acquisition Corp.

Recommended Stories

Receive News & Ratings for International Media Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Media Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.