Inception Growth Acquisition Limited (NASDAQ:IGTA) Sees Significant Decline in Short Interest

Inception Growth Acquisition Limited (NASDAQ:IGTA) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 800 shares, a drop of 65.2% from the September 15th total of 2,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Inception Growth Acquisition

Several institutional investors have recently made changes to their positions in IGTA. K2 Principal Fund L.P. acquired a new stake in shares of Inception Growth Acquisition in the first quarter valued at about $1,159,000. Berkley W R Corp boosted its stake in shares of Inception Growth Acquisition by 40.6% during the first quarter. Berkley W R Corp now owns 174,920 shares of the company’s stock valued at $1,901,000 after acquiring an additional 50,515 shares during the last quarter. Finally, Clear Street LLC boosted its stake in shares of Inception Growth Acquisition by 63.8% during the fourth quarter. Clear Street LLC now owns 204,335 shares of the company’s stock valued at $2,178,000 after acquiring an additional 79,594 shares during the last quarter. 48.99% of the stock is currently owned by hedge funds and other institutional investors.

Inception Growth Acquisition Stock Performance

IGTA traded down $0.03 during trading on Thursday, hitting $11.34. The stock had a trading volume of 826 shares, compared to its average volume of 13,175. The company’s 50-day moving average price is $11.33 and its 200 day moving average price is $11.22. Inception Growth Acquisition has a twelve month low of $10.62 and a twelve month high of $11.73.

About Inception Growth Acquisition

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.