Short Interest in International Media Acquisition Corp. (NASDAQ:IMAQ) Increases By 5.6%

International Media Acquisition Corp. (NASDAQ:IMAQ) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,900 shares, a growth of 5.6% from the May 15th total of 1,800 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.1% of the company’s stock are sold short.

International Media Acquisition Trading Down 2.2 %

NASDAQ IMAQ opened at $11.49 on Thursday. International Media Acquisition has a 12 month low of $10.67 and a 12 month high of $12.51. The company’s fifty day moving average price is $11.51 and its two-hundred day moving average price is $11.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in International Media Acquisition stock. PenderFund Capital Management Ltd. acquired a new stake in shares of International Media Acquisition Corp. (NASDAQ:IMAQ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,448 shares of the company’s stock, valued at approximately $84,000. PenderFund Capital Management Ltd. owned about 0.10% of International Media Acquisition at the end of the most recent reporting period. 25.87% of the stock is owned by institutional investors.

International Media Acquisition Company Profile

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.