International Media Acquisition Corp. (NASDAQ:IMAQ) Short Interest Down 13.9% in April

International Media Acquisition Corp. (NASDAQ:IMAQGet Rating) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 9,300 shares, a decrease of 13.9% from the April 15th total of 10,800 shares. Based on an average daily trading volume, of 47,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMAQ. Polar Asset Management Partners Inc. purchased a new stake in International Media Acquisition during the third quarter valued at about $17,640,000. Highbridge Capital Management LLC purchased a new stake in International Media Acquisition during the third quarter valued at about $16,763,000. CVI Holdings LLC purchased a new stake in International Media Acquisition during the third quarter valued at about $11,760,000. Marshall Wace LLP purchased a new stake in International Media Acquisition during the third quarter valued at about $9,383,000. Finally, Murchinson Ltd. purchased a new stake in International Media Acquisition during the fourth quarter valued at about $7,860,000. 76.61% of the stock is currently owned by institutional investors and hedge funds.

IMAQ opened at $9.92 on Wednesday. The firm has a 50-day moving average of $9.92 and a 200 day moving average of $9.87. International Media Acquisition has a fifty-two week low of $9.61 and a fifty-two week high of $10.00.

International Media Acquisition Company Profile (Get Rating)

International Media Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in North Brunswick, New Jersey.

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