IX Acquisition Corp. (NASDAQ:IXAQ – Get Rating) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 18,000 shares, a drop of 15.9% from the August 31st total of 21,400 shares. Based on an average daily volume of 23,800 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of IX Acquisition

Several large investors have recently bought and sold shares of IXAQ. Granby Capital Management LLC bought a new position in shares of IX Acquisition in the first quarter worth about $245,000. Aristeia Capital LLC acquired a new position in shares of IX Acquisition during the first quarter worth $9,594,000. Verition Fund Management LLC bought a new position in shares of IX Acquisition in the 1st quarter valued at $2,977,000. Saba Capital Management L.P. acquired a new stake in shares of IX Acquisition during the 1st quarter valued at $2,228,000. Finally, Basso Capital Management L.P. grew its position in 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 acquiring an additional 77,987 shares during the last quarter. 66.38% of the stock is owned by institutional investors and hedge funds.

IX Acquisition Stock Performance

Shares of IXAQ remained flat at $9.94 during midday trading on Friday. IX Acquisition has a twelve month low of $9.68 and a twelve month high of $9.95. The stock's 50-day moving average is $9.89 and its two-hundred day moving average is $9.84.

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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