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

Investcorp India Acquisition Corp (NASDAQ:IVCA) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 600 shares, a growth of 50.0% from the August 31st total of 400 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 48,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Investcorp India Acquisition

Hedge funds have recently modified their holdings of the business. Quarry LP raised its position in shares of Investcorp India Acquisition by 23.3% in the 2nd quarter. Quarry LP now owns 61,667 shares of the company’s stock worth $700,000 after acquiring an additional 11,667 shares in the last quarter. Logan Stone Capital LLC purchased a new position in Investcorp India Acquisition in the second quarter valued at about $1,834,000. Berkley W R Corp raised its holdings in Investcorp India Acquisition by 21.1% in the second quarter. Berkley W R Corp now owns 893,354 shares of the company’s stock worth $10,157,000 after purchasing an additional 155,672 shares in the last quarter. Clear Street LLC purchased a new stake in shares of Investcorp India Acquisition during the second quarter valued at about $114,000. Finally, Cowen AND Company LLC lifted its position 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 valued at $4,668,000 after buying an additional 331,576 shares during the last quarter. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Investcorp India Acquisition Price Performance

NASDAQ:IVCA opened at $11.52 on Friday. Investcorp India Acquisition has a 1-year low of $10.80 and a 1-year high of $12.37. The company has a 50-day moving average of $11.51 and a 200 day moving average of $11.36.

About Investcorp India Acquisition

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.