Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) Short Interest Down 81.3% in October

Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) was the target of a large 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 trading volume, of 19,600 shares, the short-interest ratio is presently 0.8 days.

Swiftmerge Acquisition Stock Down 9.1 %

Shares of NASDAQ IVCPW traded down $0.01 during midday trading on Tuesday, reaching $0.10. The stock had a trading volume of 300 shares, 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 company’s 50 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.