Short Interest in Investcorp India Acquisition Corp (NASDAQ:IVCA) Rises By 50.0%

Investcorp India Acquisition Corp (NASDAQ:IVCA) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 900 shares, an increase of 50.0% from the September 30th total of 600 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 25,600 shares, the days-to-cover ratio is presently 0.0 days.

Investcorp India Acquisition Stock Performance

Shares of IVCA stock remained flat at $11.60 during trading on Friday. 3,256 shares of the company were exchanged, compared to its average volume of 155. Investcorp India Acquisition has a 52-week low of $10.86 and a 52-week high of $12.37. The company has a fifty day simple moving average of $11.52 and a 200-day simple moving average of $11.42.

Hedge Funds Weigh In On Investcorp India Acquisition

Institutional investors have recently modified their holdings of the business. Clear Street LLC purchased a new stake in shares of Investcorp India Acquisition during the second quarter worth approximately $114,000. Virtu Financial LLC acquired a new position in Investcorp India Acquisition during the 1st quarter worth approximately $343,000. Quarry LP increased its position in shares of Investcorp India Acquisition by 23.3% in the 2nd quarter. Quarry LP now owns 61,667 shares of the company’s stock valued at $700,000 after purchasing an additional 11,667 shares during the last quarter. Logan Stone Capital LLC acquired a new stake in shares of Investcorp India Acquisition in the 2nd quarter valued at $1,834,000. Finally, Mizuho Securities USA LLC lifted its position in shares of Investcorp India Acquisition by 280.5% during the 1st quarter. Mizuho Securities USA LLC now owns 319,759 shares of the company’s stock worth $3,549,000 after purchasing an additional 235,713 shares during the last quarter. Institutional investors and hedge funds own 55.98% of the company’s stock.

Investcorp India Acquisition Company Profile

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.