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

Investcorp India Acquisition Corp (NASDAQ:IVCA - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 600 shares, a growth of 500.0% from the February 28th total of 100 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 0.4 days.

Investcorp India Acquisition Price Performance

Shares of NASDAQ:IVCA traded down $0.03 during trading on Friday, reaching $12.01. The company had a trading volume of 2,003 shares, compared to its average volume of 40,421. The company has a fifty day moving average of $11.94 and a two-hundred day moving average of $11.77. Investcorp India Acquisition has a 12 month low of $11.19 and a 12 month high of $12.37.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Investcorp India Acquisition stock. Toronto Dominion Bank acquired a new stake in shares of Investcorp India Acquisition Corp (NASDAQ:IVCA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 49,400 shares of the company's stock, valued at approximately $583,000. Toronto Dominion Bank owned about 0.62% of Investcorp India Acquisition at the end of the most recent quarter. 55.98% of the stock is owned by institutional investors.

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.