International Media Acquisition Corp. (NASDAQ:IMAQ) Sees Large Decrease in Short Interest

International Media Acquisition Corp. (NASDAQ:IMAQGet Free Report) saw a significant decline in short interest in June. As of June 15th, there was short interest totalling 400 shares, a decline of 78.9% from the May 31st total of 1,900 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On International Media Acquisition

An institutional investor recently bought a new position in International Media Acquisition stock. PenderFund Capital Management Ltd. purchased a new position in International Media Acquisition Corp. (NASDAQ:IMAQFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,448 shares of the company’s stock, valued at approximately $84,000. PenderFund Capital Management Ltd. owned approximately 0.10% of International Media Acquisition as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 25.87% of the company’s stock.

International Media Acquisition Price Performance

Shares of NASDAQ IMAQ traded down $0.01 on Thursday, hitting $11.50. The company had a trading volume of 200 shares, compared to its average volume of 1,224. International Media Acquisition has a 12-month low of $10.76 and a 12-month high of $12.51. The business has a 50 day moving average of $11.52 and a two-hundred day moving average of $11.39.

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.

Further Reading

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.