Short Interest in Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX) Rises By 10,455.6%

Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX – Get Rating) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 1,140,000 shares, an increase of 10,455.6% from the January 31st total of 10,800 shares. Based on an average daily volume of 81,800 shares, the short-interest ratio is presently 13.9 days.

Institutional Investors Weigh In On Integrated Rail and Resources Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in IRRX. Goldman Sachs Group Inc. bought a new stake in shares of Integrated Rail and Resources Acquisition during the first quarter worth about $893,000. Glazer Capital LLC bought a new stake in shares of Integrated Rail and Resources Acquisition during the first quarter worth about $365,000. Karpus Management Inc. increased its position in shares of Integrated Rail and Resources Acquisition by 2.9% during the second quarter. Karpus Management Inc. now owns 672,550 shares of the company’s stock worth $6,692,000 after acquiring an additional 19,200 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Integrated Rail and Resources Acquisition during the second quarter worth about $6,433,000. Finally, Centiva Capital LP purchased a new position in Integrated Rail and Resources Acquisition during the second quarter worth about $523,000. 86.11% of the stock is owned by institutional investors.

Integrated Rail and Resources Acquisition Price Performance

NYSE:IRRX opened at $10.44 on Wednesday. The firm has a 50-day moving average of $10.33 and a 200-day moving average of $10.18. Integrated Rail and Resources Acquisition has a one year low of $9.89 and a one year high of $10.75.

About Integrated Rail and Resources Acquisition

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Integrated Rail and Resources Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in railroad companies in North America. The company was incorporated in 2021 and is based in Fort Worth, Texas.