International Media Acquisition Corp. (NASDAQ:IMAQ) Short Interest Up 16.7% in August

International Media Acquisition Corp. (NASDAQ:IMAQ) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,400 shares, a growth of 16.7% from the August 15th total of 1,200 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 4,400 shares, the short-interest ratio is currently 0.3 days.

International Media Acquisition Price Performance

Shares of NASDAQ IMAQ opened at $11.25 on Tuesday. The business’s 50-day simple moving average is $11.11 and its 200-day simple moving average is $10.79. International Media Acquisition has a 52 week low of $10.06 and a 52 week high of $11.52.

Institutional Trading of International Media Acquisition

Several hedge funds have recently added to or reduced their stakes in IMAQ. Millennium Management LLC boosted its position in shares of International Media Acquisition by 519.4% in the second quarter. Millennium Management LLC now owns 899,299 shares of the company’s stock valued at $8,975,000 after acquiring an additional 754,105 shares during the period. Polar Asset Management Partners Inc. increased its holdings in shares of International Media Acquisition by 250.0% during the 1st quarter. Polar Asset Management Partners Inc. now owns 700,000 shares of the company’s stock worth $2,102,000 after purchasing an additional 500,000 shares during the period. Mint Tower Capital Management B.V. raised its position in shares of International Media Acquisition by 461.6% during the first quarter. Mint Tower Capital Management B.V. now owns 425,488 shares of the company’s stock valued at $825,000 after buying an additional 349,720 shares during the last quarter. Meteora Capital LLC lifted its stake in shares of International Media Acquisition by 150.5% in the fourth quarter. Meteora Capital LLC now owns 298,722 shares of the company’s stock valued at $3,047,000 after buying an additional 179,466 shares during the period. Finally, SkyView Investment Advisors LLC acquired a new stake in International Media Acquisition during the first quarter worth about $827,000. Institutional investors own 25.20% of the company’s stock.

About International Media Acquisition

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.