Inception Growth Acquisition Limited (NASDAQ:IGTAR) Sees Large Decline in Short Interest

Inception Growth Acquisition Limited (NASDAQ:IGTAR) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 7,000 shares, a decline of 39.1% from the May 15th total of 11,500 shares. Based on an average daily volume of 17,700 shares, the days-to-cover ratio is currently 0.4 days.

Inception Growth Acquisition Stock Up 10.5%

IGTAR stock traded up $0.02 during midday trading on Monday, reaching $0.21. The company had a trading volume of 23,092 shares, compared to its average volume of 15,685. Inception Growth Acquisition has a 1-year low of $0.01 and a 1-year high of $0.30. The stock has a 50 day moving average price of $0.20 and a 200-day moving average price of $0.16.

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.