Indigo Acquisition Corp. (NASDAQ:INACR – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 556 shares, a decline of 38.8% from the September 15th total of 909 shares. Based on an average daily volume of 1,720 shares, the days-to-cover ratio is presently 0.3 days.
Indigo Acquisition Stock Performance
Shares of Indigo Acquisition stock opened at $0.08 on Friday. Indigo Acquisition has a 12-month low of $0.08 and a 12-month high of $0.20. The company has a fifty day simple moving average of $0.10 and a 200-day simple moving average of $0.13.
Indigo Acquisition Company Profile
Indigo Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its activities are focused on evaluating potential merger, acquisition, or similar transactions rather than developing and selling products or services of its own.
As a blank-check company, Indigo Acquisition’s operations generally consist of searching for a suitable target, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for a proposed business combination.
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