Indigo Acquisition Corp. (NASDAQ:INACU) Short Interest Update

Indigo Acquisition Corp. (NASDAQ:INACU) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 23 shares, a drop of 89.0% from the August 31st total of 209 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Indigo Acquisition stock. Clear Street Group Inc. lifted its holdings in Indigo Acquisition Corp. (NASDAQ:INACU) by 18.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 235,308 shares of the company’s stock after acquiring an additional 37,062 shares during the quarter. Clear Street Group Inc.’s holdings in Indigo Acquisition were worth $2,384,000 at the end of the most recent quarter.

Indigo Acquisition Stock Performance

NASDAQ INACU remained flat at $10.37 during trading hours on Friday. The firm’s fifty day moving average price is $10.58 and its 200-day moving average price is $10.43. Indigo Acquisition has a 52-week low of $10.03 and a 52-week high of $13.39.

About Indigo Acquisition

Indigo Acquisition Corp. is a blank check company incorporated in Delaware and listed on the Nasdaq under the ticker INACU. The company was formed for the purpose of effecting a business combination, such as a merger, capital stock exchange, asset acquisition or similar transaction, with one or more target businesses.

While Indigo Acquisition has not yet announced a definitive combination, it is structured to seek opportunities in sectors aligned with the expertise of its sponsor, including aerospace, aviation and related industries.