Investcorp India Acquisition Corp (NASDAQ:IVCA) Short Interest Up 500.0% in March

Investcorp India Acquisition Corp (NASDAQ:IVCA) was the target of a large 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Investcorp India Acquisition

A hedge fund recently bought a new stake in Investcorp India Acquisition stock. Toronto Dominion Bank purchased a new stake in shares of Investcorp India Acquisition Corp (NASDAQ:IVCA) during the fourth quarter, according to its most recent filing 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 about 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.

Investcorp India Acquisition Stock Down 0.3 %

IVCA stock traded down $0.03 during mid-day trading on Thursday, reaching $12.00. 1,309 shares of the company traded hands, compared to its average volume of 40,983. The company has a fifty day moving average price of $11.94 and a 200-day moving average price of $11.77. Investcorp India Acquisition has a 52-week low of $11.18 and a 52-week high of $12.37.

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.