Short Interest in Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) Rises By 20.8%

Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 80,200 shares, a growth of 20.8% from the September 15th total of 66,400 shares. Based on an average daily trading volume, of 12,200 shares, the short-interest ratio is presently 6.6 days.

Swiftmerge Acquisition Stock Performance

IVCPW opened at $0.09 on Wednesday. Swiftmerge Acquisition has a fifty-two week low of $0.01 and a fifty-two week high of $0.12. The company’s 50-day moving average is $0.08 and its 200 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.