Investcorp India Acquisition Corp (NASDAQ:IVCA) Sees Significant Drop in Short Interest

Investcorp India Acquisition Corp (NASDAQ:IVCA) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 600 shares, a decline of 33.3% from the January 31st total of 900 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Investcorp India Acquisition stock. Quarry LP grew its holdings in Investcorp India Acquisition Corp (NASDAQ:IVCA) by 21.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission. Institutional investors own 55.98% of the company’s stock.

Investcorp India Acquisition Price Performance

NASDAQ IVCA opened at $11.88 on Friday. The business’s 50 day moving average price is $11.88 and its 200-day moving average price is $11.70. Investcorp India Acquisition has a fifty-two week low of $11.12 and a fifty-two week high of $12.37.

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.