Indigo Acquisition Corp. (NASDAQ:INACR) Sees Large Decrease in Short Interest

Indigo Acquisition Corp. (NASDAQ:INACR) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 556 shares, a drop of 38.8% from the September 15th total of 909 shares. Based on an average daily volume of 1,720 shares, the days-to-cover ratio is currently 0.3 days.

Indigo Acquisition Price Performance

Shares of NASDAQ INACR traded down $0.00 during trading on Friday, hitting $0.08. 150 shares of the company traded hands, compared to its average volume of 9,490. The business’s fifty day moving average is $0.10 and its 200 day moving average is $0.13. Indigo Acquisition has a fifty-two week low of $0.08 and a fifty-two week high of $0.20.

Indigo Acquisition Company Profile

Indigo Acquisition is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, acquisition or similar transaction, with one or more operating businesses.

Unlike an operating company, Indigo Acquisition does not appear to offer its own products or services, maintain a conventional customer base or conduct business across defined geographic markets. Its principal activities are evaluating potential target companies and pursuing a transaction that would result in a combined operating business.

Publicly available information about Indigo Acquisition’s specific investment focus, completed transactions and leadership is limited.