Inception Growth Acquisition Limited (NASDAQ:IGTA) Sees Significant Drop in Short Interest

Posted by Scott Moore on Oct 10th, 2024

Inception Growth Acquisition Limited (NASDAQ:IGTA – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 800 shares, a drop of 65.2% from the September 15th total of 2,300 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Inception Growth Acquisition Stock Down 0.3 %

NASDAQ:IGTA traded down $0.03 during mid-day trading on Thursday, reaching $11.34. The company’s stock had a trading volume of 826 shares, compared to its average volume of 13,175. Inception Growth Acquisition has a twelve month low of $10.62 and a twelve month high of $11.73. The company’s fifty day simple moving average is $11.33 and its two-hundred day simple moving average is $11.22.

Institutional Investors Weigh In On Inception Growth Acquisition

Institutional investors have recently bought and sold shares of the stock. K2 Principal Fund L.P. purchased a new stake in Inception Growth Acquisition during the first quarter valued at about $1,159,000. Clear Street LLC grew its holdings in shares of Inception Growth Acquisition by 63.8% during the 4th quarter. Clear Street LLC now owns 204,335 shares of the company’s stock worth $2,178,000 after purchasing an additional 79,594 shares during the period. Finally, Berkley W R Corp increased its position in Inception Growth Acquisition by 40.6% during the 1st quarter. Berkley W R Corp now owns 174,920 shares of the company’s stock worth $1,901,000 after purchasing an additional 50,515 shares in the last quarter. 48.99% of the stock is currently owned by hedge funds and other institutional investors.

About Inception Growth Acquisition

(Get Free Report)

Inception Growth Acquisition Limited does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on sourcing opportunities in the technology, media and telecom, sports and entertainment, and non-gambling game sectors.