Investcorp India Acquisition Corp (NASDAQ:IVCA) Short Interest Up 133.3% in June

Investcorp India Acquisition Corp (NASDAQ:IVCA) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 2,100 shares, an increase of 133.3% from the May 31st total of 900 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 34,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kim LLC lifted its position in Investcorp India Acquisition by 125.0% during the fourth quarter. Kim LLC now owns 225,006 shares of the company’s stock valued at $2,473,000 after purchasing an additional 125,000 shares during the period. K2 Principal Fund L.P. bought a new position in Investcorp India Acquisition in the fourth quarter worth approximately $2,198,000. Wolverine Asset Management LLC raised its position in Investcorp India Acquisition by 48.2% in the fourth quarter. Wolverine Asset Management LLC now owns 602,874 shares of the company’s stock worth $6,626,000 after acquiring an additional 195,957 shares during the period. Quarry LP bought a new stake in shares of Investcorp India Acquisition during the 4th quarter valued at $550,000. Finally, Virtu Financial LLC bought a new stake in shares of Investcorp India Acquisition during the 1st quarter valued at $343,000. Institutional investors own 55.98% of the company’s stock.

Investcorp India Acquisition Price Performance

Shares of NASDAQ:IVCA remained flat at $11.35 during trading on Friday. 11 shares of the stock were exchanged, compared to its average volume of 50,802. The firm’s 50-day moving average price is $11.30 and its 200-day moving average price is $11.17. Investcorp India Acquisition has a 1 year low of $10.67 and a 1 year high of $11.90.

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.