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

Investcorp India Acquisition Corp (NASDAQ:IVCA) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,600 shares, a growth of 77.8% from the October 31st total of 900 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is currently 0.6 days.

Investcorp India Acquisition Price Performance

Shares of Investcorp India Acquisition stock traded up $0.02 during trading on Thursday, hitting $11.71. 587 shares of the company were exchanged, compared to its average volume of 53,459. Investcorp India Acquisition has a 1-year low of $10.88 and a 1-year high of $12.37. The firm’s fifty day moving average price is $11.62 and its 200 day moving average price is $11.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Clear Street LLC acquired a new stake in Investcorp India Acquisition in the second quarter worth $114,000. Quarry LP increased its position in shares of Investcorp India Acquisition by 23.3% in the 2nd quarter. Quarry LP now owns 61,667 shares of the company’s stock valued at $700,000 after buying an additional 11,667 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Investcorp India Acquisition in the 1st quarter valued at $343,000. Berkley W R Corp raised its stake in Investcorp India Acquisition by 21.1% during the 2nd quarter. Berkley W R Corp now owns 893,354 shares of the company’s stock worth $10,157,000 after buying an additional 155,672 shares during the period. Finally, Logan Stone Capital LLC bought a new position in Investcorp India Acquisition during the second quarter worth about $1,834,000. 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.