IX Acquisition Corp. (NASDAQ:IXAQ – Get Rating) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 17,900 shares, a drop of 18.6% from the September 30th total of 22,000 shares. Based on an average daily trading volume, of 21,300 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the company's stock are sold short.

IX Acquisition Stock Performance

NASDAQ:IXAQ remained flat at $9.97 on Friday. 1 shares of the company's stock traded hands, compared to its average volume of 8,185. IX Acquisition has a 52-week low of $9.68 and a 52-week high of $9.97. The firm's 50-day simple moving average is $9.93 and its two-hundred day simple moving average is $9.86.

Institutional Investors Weigh In On IX Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of IX Acquisition by 10.8% during the 1st quarter. Royal Bank of Canada now owns 97,539 shares of the company's stock worth $955,000 after purchasing an additional 9,535 shares during the last quarter. Granby Capital Management LLC purchased a new stake in shares of IX Acquisition during the 1st quarter worth approximately $245,000. Berkley W R Corp purchased a new stake in shares of IX Acquisition during the 1st quarter worth approximately $343,000. Aristeia Capital LLC increased its stake in shares of IX Acquisition by 7.7% during the 2nd quarter. Aristeia Capital LLC now owns 1,055,000 shares of the company's stock worth $10,350,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Basso Capital Management L.P. increased its stake in shares of IX Acquisition by 104.0% during the 1st quarter. Basso Capital Management L.P. now owns 152,987 shares of the company's stock worth $1,498,000 after purchasing an additional 77,987 shares during the last quarter. Hedge funds and other institutional investors own 66.38% of the company's stock.

IX Acquisition Company Profile

IX Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in London, United Kingdom.

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