Short Interest in Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) Decreases By 81.3%

Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 15,000 shares, a drop of 81.3% from the October 15th total of 80,200 shares. Based on an average daily volume of 19,600 shares, the short-interest ratio is currently 0.8 days.

Swiftmerge Acquisition Stock Down 9.1 %

Shares of IVCPW stock traded down $0.01 during trading on Tuesday, reaching $0.10. 300 shares of the company’s stock were exchanged, compared to its average volume of 35,551. Swiftmerge Acquisition has a twelve month low of $0.01 and a twelve month high of $0.12. The firm’s fifty day moving average price is $0.09 and its 200-day moving average price is $0.08.

About Swiftmerge Acquisition

Swiftmerge Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.