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

Investcorp India Acquisition Corp (NASDAQ:IVCA) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 600 shares, a decline of 33.3% from the January 31st total of 900 shares. Based on an average trading volume of 1,200 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Investcorp India Acquisition

An institutional investor recently bought a new position in Investcorp India Acquisition stock. Toronto Dominion Bank acquired a new stake in Investcorp India Acquisition Corp (NASDAQ:IVCA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 49,400 shares of the company’s stock, valued at approximately $583,000. Toronto Dominion Bank owned 0.62% of Investcorp India Acquisition at the end of the most recent quarter. Institutional investors and hedge funds own 55.98% of the company’s stock.

Investcorp India Acquisition Stock Up 0.7 %

IVCA stock traded up $0.08 during midday trading on Tuesday, reaching $12.08. 629 shares of the company were exchanged, compared to its average volume of 1,041. Investcorp India Acquisition has a 1-year low of $11.12 and a 1-year high of $12.37. The stock’s 50-day simple moving average is $11.88 and its 200 day simple moving average is $11.71.

Investcorp India Acquisition Company Profile

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.