Investcorp India Acquisition Corp (NASDAQ:IVCA) Short Interest Update

Investcorp India Acquisition Corp (NASDAQ:IVCA) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 600 shares, a decrease of 33.3% from the January 31st total of 900 shares. Based on an average trading volume of 1,200 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Investcorp India Acquisition

An institutional investor recently raised its position in Investcorp India Acquisition stock. Quarry LP raised its stake in shares of Investcorp India Acquisition Corp (NASDAQ:IVCA) by 21.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,000 shares of the company’s stock after acquiring an additional 13,333 shares during the quarter. Quarry LP owned approximately 0.46% of Investcorp India Acquisition worth $867,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 55.98% of the company’s stock.

Investcorp India Acquisition Price Performance

NASDAQ IVCA opened at $11.88 on Friday. Investcorp India Acquisition has a one year low of $11.12 and a one year high of $12.37. The company’s 50-day simple moving average is $11.88 and its two-hundred day simple moving average is $11.70.

Investcorp India Acquisition Company Profile

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.