Short Interest in Investcorp India Acquisition Corp (NASDAQ:IVCA) Expands By 300.0%

Investcorp India Acquisition Corp (NASDAQ:IVCA) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 400 shares, a growth of 300.0% from the April 15th total of 100 shares. Based on an average daily volume of 28,100 shares, the days-to-cover ratio is presently 0.0 days.

Investcorp India Acquisition Stock Performance

Investcorp India Acquisition stock opened at $11.27 on Friday. Investcorp India Acquisition has a 52-week low of $10.59 and a 52-week high of $11.31. The firm has a 50 day moving average price of $11.21 and a two-hundred day moving average price of $11.07.

Hedge Funds Weigh In On Investcorp India Acquisition

A number of hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in Investcorp India Acquisition during the 4th quarter worth about $550,000. Kim LLC lifted its stake in Investcorp India Acquisition by 125.0% in the fourth quarter. Kim LLC now owns 225,006 shares of the company’s stock valued at $2,473,000 after buying an additional 125,000 shares during the period. Wolverine Asset Management LLC lifted its position in shares of Investcorp India Acquisition by 48.2% during the 4th quarter. Wolverine Asset Management LLC now owns 602,874 shares of the company’s stock valued at $6,626,000 after acquiring an additional 195,957 shares during the period. K2 Principal Fund L.P. bought a new position in Investcorp India Acquisition during the fourth quarter worth $2,198,000. Finally, Mizuho Securities USA LLC grew its holdings in Investcorp India Acquisition by 280.5% in the first quarter. Mizuho Securities USA LLC now owns 319,759 shares of the company’s stock worth $3,549,000 after purchasing an additional 235,713 shares during the period. Institutional investors own 55.98% of the company’s stock.

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.