Innovative International Acquisition Corp. (NASDAQ:IOAC – Get Rating) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 1,800 shares, a drop of 52.6% from the August 31st total of 3,800 shares. Based on an average daily volume of 53,700 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Innovative International Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dupont Capital Management Corp purchased a new position in shares of Innovative International Acquisition in the 1st quarter worth $100,000. Mint Tower Capital Management B.V. purchased a new position in shares of Innovative International Acquisition in the 1st quarter worth $500,000. Wolverine Asset Management LLC purchased a new position in shares of Innovative International Acquisition in the 1st quarter worth $3,919,000. Lynwood Capital Management Inc. purchased a new position in shares of Innovative International Acquisition in the 1st quarter worth $137,000. Finally, RiverPark Advisors LLC purchased a new position in shares of Innovative International Acquisition in the 1st quarter worth $1,425,000. Institutional investors own 58.12% of the company's stock.

Innovative International Acquisition Stock Performance

Shares of Innovative International Acquisition stock remained flat at $10.13 on Wednesday. The company's stock had a trading volume of 3,302 shares, compared to its average volume of 62,097. The company's 50 day moving average price is $10.10 and its two-hundred day moving average price is $10.04. Innovative International Acquisition has a twelve month low of $9.86 and a twelve month high of $10.60.

Innovative International Acquisition Company Profile

Innovative International Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business transaction with one or more businesses in consumer technology, healthcare, information technology services, and enterprise software as a service.

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