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

Inception Growth Acquisition Limited (NASDAQ:IGTA) saw a significant decline in short interest in June. As of June 15th, there was short interest totalling 900 shares, a decline of 69.0% from the May 31st total of 2,900 shares. Based on an average daily volume of 22,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Inception Growth Acquisition

Hedge funds have recently added to or reduced their stakes in the business. Warberg Asset Management LLC raised its position in shares of Inception Growth Acquisition by 50.5% in the fourth quarter. Warberg Asset Management LLC now owns 45,792 shares of the company’s stock valued at $488,000 after buying an additional 15,364 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in Inception Growth Acquisition by 233.3% in the 4th quarter. Mizuho Securities USA LLC now owns 100,000 shares of the company’s stock valued at $1,060,000 after buying an additional 70,000 shares during the period. Cowen AND Company LLC increased its stake in shares of Inception Growth Acquisition by 101.0% during the 4th quarter. Cowen AND Company LLC now owns 100,513 shares of the company’s stock valued at $1,071,000 after acquiring an additional 50,513 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Inception Growth Acquisition during the 3rd quarter worth about $1,144,000. Finally, K2 Principal Fund L.P. acquired a new stake in shares of Inception Growth Acquisition in the first quarter worth approximately $1,159,000. 48.99% of the stock is currently owned by hedge funds and other institutional investors.

Inception Growth Acquisition Trading Down 0.3 %

Shares of IGTA stock traded down $0.03 during mid-day trading on Thursday, reaching $11.34. The stock had a trading volume of 649 shares, compared to its average volume of 18,063. Inception Growth Acquisition has a 12-month low of $10.35 and a 12-month high of $11.73. The business has a 50-day simple moving average of $11.17 and a 200 day simple moving average of $10.93.

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.