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

Investcorp India Acquisition Corp (NASDAQ:IVCA) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 100 shares, a drop of 83.3% from the February 13th total of 600 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,300 shares, the short-interest ratio is currently 0.1 days.

Investcorp India Acquisition Stock Up 0.0 %

NASDAQ IVCA traded up $0.01 on Thursday, reaching $11.99. 2,011 shares of the company’s stock traded hands, compared to its average volume of 1,346. Investcorp India Acquisition has a 12 month low of $11.18 and a 12 month high of $12.37. The stock has a 50-day simple moving average of $11.91 and a 200 day simple moving average of $11.73.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Investcorp India Acquisition stock. Quarry LP lifted its position in Investcorp India Acquisition Corp (NASDAQ:IVCA) by 21.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 75,000 shares of the company’s stock after purchasing an additional 13,333 shares during the period. Quarry LP owned about 0.46% of Investcorp India Acquisition worth $867,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.