Inception Growth Acquisition Limited (NASDAQ:IGTA) Short Interest Update

Inception Growth Acquisition Limited (NASDAQ:IGTA) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 700 shares, a drop of 12.5% from the September 30th total of 800 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Inception Growth Acquisition

An institutional investor recently bought a new position in Inception Growth Acquisition stock. K2 Principal Fund L.P. acquired a new position in Inception Growth Acquisition Limited (NASDAQ:IGTA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 106,686 shares of the company’s stock, valued at approximately $1,159,000. K2 Principal Fund L.P. owned about 1.91% of Inception Growth Acquisition at the end of the most recent quarter. Institutional investors and hedge funds own 48.99% of the company’s stock.

Inception Growth Acquisition Price Performance

Shares of NASDAQ IGTA remained flat at $11.38 during mid-day trading on Thursday. 6,736 shares of the stock were exchanged, compared to its average volume of 12,775. The business has a 50-day simple moving average of $11.34 and a two-hundred day simple moving average of $11.27. Inception Growth Acquisition has a 1-year low of $10.62 and a 1-year high of $11.73.

Inception Growth Acquisition Company Profile

Inception Growth Acquisition Limited does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on sourcing opportunities in the technology, media and telecom, sports and entertainment, and non-gambling game sectors.