Short Interest in Indigo Acquisition Corp. (NASDAQ:INACU) Expands By 125.7%

Indigo Acquisition Corp. (NASDAQ:INACU) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 307 shares, an increase of 125.7% from the May 31st total of 136 shares. Based on an average daily trading volume, of 680 shares, the short-interest ratio is currently 0.5 days.

Indigo Acquisition Trading Up 0.1%

Shares of Indigo Acquisition stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.32. Indigo Acquisition has a fifty-two week low of $10.01 and a fifty-two week high of $13.39. The company’s 50-day moving average price is $10.42 and its 200-day moving average price is $10.29.

Institutional Trading of Indigo Acquisition

Hedge funds have recently bought and sold shares of the business. Clear Street Group Inc. purchased a new position in Indigo Acquisition in the third quarter worth $2,004,000. OMERS ADMINISTRATION Corp increased its position in shares of Indigo Acquisition by 212.0% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 200,000 shares of the company’s stock valued at $2,026,000 after purchasing an additional 135,888 shares during the last quarter. Heights Capital Management Inc. bought a new stake in shares of Indigo Acquisition during the 3rd quarter worth $1,011,000. Parallax Volatility Advisers L.P. bought a new stake in shares of Indigo Acquisition during the 3rd quarter worth $542,000. Finally, Yakira Capital Management Inc. purchased a new position in shares of Indigo Acquisition in the 3rd quarter worth about $272,000.

Indigo Acquisition Company Profile

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.