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

Investcorp India Acquisition Corp (NASDAQ:IVCA) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,600 shares, an increase of 77.8% from the October 31st total of 900 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Investcorp India Acquisition Price Performance

Shares of IVCA traded up $0.02 during mid-day trading on Thursday, hitting $11.71. 587 shares of the company traded hands, compared to its average volume of 53,459. The business has a 50-day moving average of $11.62 and a 200 day moving average of $11.48. Investcorp India Acquisition has a one year low of $10.88 and a one year high of $12.37.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quarry LP lifted its stake in shares of Investcorp India Acquisition by 21.6% during the third quarter. Quarry LP now owns 75,000 shares of the company’s stock valued at $867,000 after acquiring an additional 13,333 shares during the period. Logan Stone Capital LLC acquired a new position in Investcorp India Acquisition during the 2nd quarter valued at about $1,834,000. Berkley W R Corp boosted its stake in shares of Investcorp India Acquisition by 21.1% in the 2nd quarter. Berkley W R Corp now owns 893,354 shares of the company’s stock valued at $10,157,000 after purchasing an additional 155,672 shares during the last quarter. Clear Street LLC acquired a new stake in shares of Investcorp India Acquisition during the 2nd quarter worth approximately $114,000. Finally, Cowen AND Company LLC raised its stake in shares of Investcorp India Acquisition by 415.9% during the second quarter. Cowen AND Company LLC now owns 411,301 shares of the company’s stock worth $4,668,000 after buying an additional 331,576 shares during the last quarter. 55.98% of the stock is currently owned by institutional investors.

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.