International Media Acquisition Corp. (NASDAQ:IMAQR – Get Rating) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 8,700 shares, an increase of 11.5% from the December 31st total of 7,800 shares. Based on an average daily volume of 29,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in International Media Acquisition stock. Mangrove Partners increased its holdings in International Media Acquisition Corp. (NASDAQ:IMAQR – Get Rating) by 239.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,358,803 shares of the company's stock after purchasing an additional 958,803 shares during the period. Mangrove Partners' holdings in International Media Acquisition were worth $136,000 as of its most recent SEC filing.

International Media Acquisition Price Performance

Shares of NASDAQ IMAQR traded down $0.03 during midday trading on Tuesday, reaching $0.10. The company's stock had a trading volume of 10,296 shares, compared to its average volume of 23,383. International Media Acquisition has a 12-month low of $0.04 and a 12-month high of $0.16. The firm has a 50 day moving average price of $0.08 and a 200-day moving average price of $0.07.

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