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iCoreConnect Inc. (ICCT) Soars 17.86% on Short Share Reduction
Generated by AI AgentAinvest Movers Radar
Tuesday, Apr 1, 2025 5:27 am ET1min read
iCoreConnect Inc. (ICCT) experienced a significant surge in its stock price, rising by 17.86% in pre-market trading on April 1, 2025.
iCoreConnect Inc. has been actively managing its stock situation to avoid delisting. The company recently canceled warrants, which led to a reduction in short shares from 200,000 to 3,000. This move also resulted in an increase in the borrow rate by 15%. The stock price rose from $0.38 to $1.14, representing a 200% profit. This strategic decision highlights the company's efforts to stabilize its stock and mitigate risks associated with short selling.
iCoreConnect Inc. is a provider of cloud-based software and technology solutions aimed at enhancing workflow productivity and customer profitability. The company's focus on innovation and efficiency has positioned it as a key player in the tech industry, contributing to its recent stock price movements.
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