Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) Short Interest Up 5.4% in August

Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 66,500 shares, an increase of 5.4% from the August 15th total of 63,100 shares. Based on an average trading volume of 15,500 shares, the short-interest ratio is currently 4.3 days.

Swiftmerge Acquisition Price Performance

NASDAQ IVCPW opened at $0.10 on Thursday. Swiftmerge Acquisition has a 1-year low of $0.01 and a 1-year high of $0.12. The stock’s 50 day moving average is $0.08 and its two-hundred day moving average is $0.07.

Swiftmerge Acquisition Company Profile

Swiftmerge Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.