Short Interest in International Media Acquisition Corp. (NASDAQ:IMAQW) Increases By 269.8%

International Media Acquisition Corp. (NASDAQ:IMAQWGet Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 23,300 shares, a growth of 269.8% from the March 15th total of 6,300 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is presently 5.8 days.

International Media Acquisition Price Performance

NASDAQ IMAQW remained flat at $0.03 during mid-day trading on Friday. International Media Acquisition has a one year low of $0.01 and a one year high of $0.11. The business’s 50 day moving average price is $0.02 and its 200-day moving average price is $0.02.

International Media Acquisition Company Profile

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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.

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