Investcorp India Acquisition Corp (NASDAQ:IVCA - Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 900 shares, a growth of 50.0% from the September 30th total of 600 shares. Based on an average daily trading volume, of 25,600 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company's shares are short sold.
Investcorp India Acquisition Stock Performance
Shares of IVCA stock remained flat at $11.60 during trading on Friday. 3,256 shares of the stock traded hands, compared to its average volume of 155. Investcorp India Acquisition has a 1 year low of $10.86 and a 1 year high of $12.37. The firm's 50-day moving average price is $11.52 and its two-hundred day moving average price is $11.42.
Institutional Investors Weigh In On Investcorp India Acquisition
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVCA. Mizuho Securities USA LLC increased its position in shares of Investcorp India Acquisition by 280.5% during the first quarter. Mizuho Securities USA LLC now owns 319,759 shares of the company's stock valued at $3,549,000 after acquiring an additional 235,713 shares during the last quarter. Berkley W R Corp raised its position in Investcorp India Acquisition by 57.3% in the first quarter. Berkley W R Corp now owns 737,682 shares of the company's stock valued at $8,262,000 after purchasing an additional 268,776 shares during the period. Virtu Financial LLC purchased a new stake in Investcorp India Acquisition in the first quarter valued at approximately $343,000. Wolverine Asset Management LLC lifted its stake in Investcorp India Acquisition by 29.8% during the second quarter. Wolverine Asset Management LLC now owns 776,041 shares of the company's stock worth $8,824,000 after purchasing an additional 178,244 shares in the last quarter. Finally, Cowen AND Company LLC boosted 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 worth $4,668,000 after buying an additional 331,576 shares during the period. Hedge funds and other institutional investors own 55.98% of the company's stock.
Investcorp India Acquisition Company Profile
(
Get Free Report)
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.
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