Short Interest in Investcorp India Acquisition Corp (NASDAQ:IVCA) Rises By 133.3%

Investcorp India Acquisition Corp (NASDAQ:IVCA) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 2,100 shares, a growth of 133.3% from the May 31st total of 900 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 34,600 shares, the days-to-cover ratio is presently 0.1 days.

Investcorp India Acquisition Stock Performance

Shares of IVCA opened at $11.35 on Friday. The stock has a 50 day simple moving average of $11.30 and a 200 day simple moving average of $11.17. Investcorp India Acquisition has a 52-week low of $10.67 and a 52-week high of $11.90.

Hedge Funds Weigh In On Investcorp India Acquisition

Several institutional investors and hedge funds have recently modified their holdings of the business. Berkley W R Corp grew its position in shares of Investcorp India Acquisition by 57.3% in the 1st quarter. Berkley W R Corp now owns 737,682 shares of the company’s stock valued at $8,262,000 after purchasing an additional 268,776 shares during the period. Wolverine Asset Management LLC boosted its position in Investcorp India Acquisition by 48.2% during the 4th quarter. Wolverine Asset Management LLC now owns 602,874 shares of the company’s stock worth $6,626,000 after acquiring an additional 195,957 shares during the last quarter. Mizuho Securities USA LLC boosted its position in Investcorp India Acquisition by 280.5% during the 1st quarter. Mizuho Securities USA LLC now owns 319,759 shares of the company’s stock worth $3,549,000 after acquiring an additional 235,713 shares during the last quarter. Shaolin Capital Management LLC boosted its position in Investcorp India Acquisition by 154.5% during the 3rd quarter. Shaolin Capital Management LLC now owns 300,000 shares of the company’s stock worth $3,243,000 after acquiring an additional 850,000 shares during the last quarter. Finally, Kim LLC boosted its position in Investcorp India Acquisition by 125.0% during the 4th quarter. Kim LLC now owns 225,006 shares of the company’s stock worth $2,473,000 after acquiring an additional 125,000 shares during the last quarter. 55.98% of the stock is currently owned by institutional investors and hedge funds.

About Investcorp India Acquisition

Investcorp India Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was formerly known as Investcorp Acquisition Corp.