International Media Acquisition Corp. (NASDAQ:IMAQR – Get Rating) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 5,000 shares, a decline of 7.4% from the March 31st total of 5,400 shares. Based on an average daily volume of 27,000 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On International Media Acquisition

A hedge fund recently raised its stake in International Media Acquisition stock. Mangrove Partners boosted its holdings in shares of International Media Acquisition Corp. (NASDAQ:IMAQR – Get Rating) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,500,000 shares of the company's stock after buying an additional 141,197 shares during the quarter. Mangrove Partners' holdings in International Media Acquisition were worth $105,000 as of its most recent SEC filing.

International Media Acquisition Stock Performance

NASDAQ IMAQR remained flat at $0.10 during trading hours on Wednesday. International Media Acquisition has a 52-week low of $0.04 and a 52-week high of $0.15. The firm has a 50 day moving average price of $0.12 and a two-hundred day moving average price of $0.09.

Further Reading

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