Short Interest in International Media Acquisition Corp. (NASDAQ:IMAQ) Drops By 5.6%

International Media Acquisition Corp. (NASDAQ:IMAQ) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,700 shares, a drop of 5.6% from the March 15th total of 1,800 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 900 shares, the short-interest ratio is currently 1.9 days.

International Media Acquisition Price Performance

International Media Acquisition stock opened at $11.40 on Tuesday. The company’s 50 day moving average price is $11.35 and its two-hundred day moving average price is $11.30. International Media Acquisition has a 52 week low of $10.47 and a 52 week high of $11.52.

Institutional Trading of International Media Acquisition

A number of hedge funds have recently bought and sold shares of the business. Polar Asset Management Partners Inc. increased its position in shares of International Media Acquisition by 47.6% during the 2nd quarter. Polar Asset Management Partners Inc. now owns 1,033,400 shares of the company’s stock valued at $2,161,000 after purchasing an additional 333,400 shares during the last quarter. Millennium Management LLC boosted its stake in 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 last quarter. Meteora Capital LLC grew its position in shares of International Media Acquisition by 150.5% during the 4th quarter. Meteora Capital LLC now owns 298,722 shares of the company’s stock valued at $3,047,000 after acquiring an additional 179,466 shares during the period. Mizuho Securities USA LLC increased its stake in shares of International Media Acquisition by 18.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 149,362 shares of the company’s stock worth $1,673,000 after purchasing an additional 23,265 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of International Media Acquisition by 50.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 131,314 shares of the company’s stock worth $1,301,000 after purchasing an additional 44,032 shares during the period. 25.87% of the stock is currently owned by institutional investors.

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.