Investcorp India Acquisition Corp (NASDAQ:IVCA – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 600 shares, a growth of 50.0% from the August 31st total of 400 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 48,500 shares, the short-interest ratio is currently 0.0 days.
Investcorp India Acquisition Trading Up 1.0 %
IVCA traded up $0.12 during trading hours on Friday, reaching $11.64. The company’s stock had a trading volume of 60 shares, compared to its average volume of 3,904. Investcorp India Acquisition has a fifty-two week low of $10.80 and a fifty-two week high of $12.37. The business’s 50-day moving average is $11.51 and its 200-day moving average is $11.36.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in IVCA. Clear Street LLC acquired a new position in Investcorp India Acquisition in the second quarter valued at approximately $114,000. Virtu Financial LLC acquired a new position in Investcorp India Acquisition during the first quarter worth $343,000. Quarry LP acquired a new position in Investcorp India Acquisition during the fourth quarter worth $550,000. Logan Stone Capital LLC acquired a new position in Investcorp India Acquisition during the second quarter worth $1,834,000. Finally, K2 Principal Fund L.P. acquired a new position in Investcorp India Acquisition during the fourth quarter worth $2,198,000. 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.
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