Inception Growth Acquisition Limited (NASDAQ:IGTA) Short Interest Update

Inception Growth Acquisition Limited (NASDAQ:IGTA) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 7,200 shares, an increase of 188.0% from the June 30th total of 2,500 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 16,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Warberg Asset Management LLC increased its holdings in shares of Inception Growth Acquisition by 50.5% in the fourth quarter. Warberg Asset Management LLC now owns 45,792 shares of the company’s stock worth $488,000 after acquiring an additional 15,364 shares in the last quarter. Mizuho Securities USA LLC grew its position in shares of Inception Growth Acquisition by 233.3% in the 4th quarter. Mizuho Securities USA LLC now owns 100,000 shares of the company’s stock valued at $1,060,000 after purchasing an additional 70,000 shares during the period. Cowen AND Company LLC increased its stake in Inception Growth Acquisition by 101.0% during the 4th quarter. Cowen AND Company LLC now owns 100,513 shares of the company’s stock worth $1,071,000 after purchasing an additional 50,513 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in Inception Growth Acquisition during the 1st quarter worth approximately $1,159,000. Finally, Berkley W R Corp lifted its stake in Inception Growth Acquisition by 40.6% in the first quarter. Berkley W R Corp now owns 174,920 shares of the company’s stock valued at $1,901,000 after buying an additional 50,515 shares in the last quarter. 48.99% of the stock is currently owned by institutional investors.

Inception Growth Acquisition Trading Down 0.7 %

Shares of NASDAQ IGTA traded down $0.08 during midday trading on Friday, reaching $11.31. 566 shares of the stock were exchanged, compared to its average volume of 15,827. Inception Growth Acquisition has a 12 month low of $10.39 and a 12 month high of $11.73. The business has a 50-day simple moving average of $11.28 and a two-hundred day simple moving average of $11.03.

Inception Growth Acquisition Company Profile

Inception Growth Acquisition Limited does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on sourcing opportunities in the technology, media and telecom, sports and entertainment, and non-gambling game sectors.