Indigo Acquisition Corp. (NASDAQ:INAC) Shares Shorted: Short Interest Down 70.6% in September

Indigo Acquisition Corp. (NASDAQ:INAC) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 40 shares, a decrease of 70.6% from the August 31st total of 136 shares. Based on an average daily volume of 1,359 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Indigo Acquisition

An institutional investor recently bought a new position in Indigo Acquisition stock. Robinson Capital Management LLC acquired a new stake in Indigo Acquisition Corp. (NASDAQ:INAC) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,004 shares of the company’s stock, valued at approximately $143,000. Robinson Capital Management LLC owned 0.11% of Indigo Acquisition as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Indigo Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Indigo Acquisition Stock Performance

NASDAQ:INAC remained flat at $10.33 during trading hours on Monday. The company’s stock had a trading volume of 226 shares, compared to its average volume of 3,316. The business’s 50 day simple moving average is $10.32 and its 200-day simple moving average is $10.24. Indigo Acquisition has a fifty-two week low of $9.96 and a fifty-two week high of $10.40.

Indigo Acquisition Company Profile

Indigo Acquisition Corp. (NASDAQ: INAC) is a special purpose acquisition company, or blank-check company. Rather than operating a conventional business, the company was formed to raise capital through a public offering and pursue a merger, acquisition, or similar business combination with an operating company.

Indigo Acquisition’s activities are centered on identifying and evaluating potential target businesses, negotiating transaction terms, and completing a business combination subject to shareholder and regulatory approval.