Investcorp India Acquisition Corp (NASDAQ:IVCA) Sees Large Growth in Short Interest

Investcorp India Acquisition Corp (NASDAQ:IVCA) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 600 shares, an increase of 500.0% from the February 28th total of 100 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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

Investcorp India Acquisition Price Performance

IVCA stock traded down $0.02 during trading on Wednesday, hitting $12.02. 1,309 shares of the company’s stock traded hands, compared to its average volume of 41,322. Investcorp India Acquisition has a 52 week low of $11.18 and a 52 week high of $12.37. The business has a fifty day simple moving average of $11.94 and a 200 day simple moving average of $11.77.

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.