Indigo Acquisition Corp. (NASDAQ:INACU – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 94 shares, an increase of 9,300.0% from the April 15th total of 1 shares. Based on an average daily volume of 182 shares, the short-interest ratio is presently 0.5 days.
Indigo Acquisition Stock Performance
Shares of INACU traded down $0.03 during trading hours on Monday, hitting $10.32. The stock had a trading volume of 158 shares, compared to its average volume of 609. Indigo Acquisition has a 12 month low of $10.01 and a 12 month high of $10.40. The stock has a fifty day moving average price of $10.27 and a 200 day moving average price of $10.22.
Institutional Trading of Indigo Acquisition
Several large investors have recently modified their holdings of the company. OMERS ADMINISTRATION Corp grew its holdings in shares of Indigo Acquisition by 212.0% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 200,000 shares of the company’s stock worth $2,026,000 after acquiring an additional 135,888 shares during the period. Clear Street Group Inc. grew its holdings in shares of Indigo Acquisition by 18.7% in the fourth quarter. Clear Street Group Inc. now owns 235,308 shares of the company’s stock worth $2,384,000 after acquiring an additional 37,062 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Indigo Acquisition in the third quarter worth $253,000. Heights Capital Management Inc. bought a new stake in shares of Indigo Acquisition in the third quarter worth $1,011,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Indigo Acquisition in the third quarter worth $215,000.
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.
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