Investcorp India Acquisition Corp (NASDAQ:IVCA) Short Interest Update

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

Investcorp India Acquisition Trading Down 0.2 %

IVCA traded down $0.03 on Friday, reaching $12.01. The company had a trading volume of 2,105 shares, compared to its average volume of 40,281. Investcorp India Acquisition has a 52-week low of $11.19 and a 52-week high of $12.37. The business has a 50 day simple moving average of $11.94 and a 200 day simple moving average of $11.77.

Institutional Trading of Investcorp India Acquisition

A hedge fund recently raised its stake in Investcorp India Acquisition stock. Quarry LP boosted its position in Investcorp India Acquisition Corp (NASDAQ:IVCA) by 21.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,000 shares of the company’s stock after acquiring an additional 13,333 shares during the quarter. Quarry LP owned 0.46% of Investcorp India Acquisition worth $867,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 55.98% of the company’s stock.

About Investcorp India Acquisition

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.