Short Interest in Investcorp India Acquisition Corp (NASDAQ:IVCA) Decreases By 83.3%

Investcorp India Acquisition Corp (NASDAQ:IVCA) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 100 shares, a decrease of 83.3% from the February 13th total of 600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is presently 0.1 days.

Investcorp India Acquisition Stock Performance

Shares of NASDAQ IVCA traded up $0.02 during midday trading on Wednesday, reaching $11.99. 3,008 shares of the company were exchanged, compared to its average volume of 1,318. Investcorp India Acquisition has a 1 year low of $11.18 and a 1 year high of $12.37. The stock has a fifty day simple moving average of $11.91 and a 200 day simple moving average of $11.73.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Investcorp India Acquisition stock. Toronto Dominion Bank purchased a new position in shares of Investcorp India Acquisition Corp (NASDAQ:IVCA) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 reporting period. Institutional investors own 55.98% of the company’s stock.

About Investcorp India Acquisition

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.