Inception Growth Acquisition Limited (NASDAQ:IGTA) Short Interest Up 188.0% in July

Inception Growth Acquisition Limited (NASDAQ:IGTA) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 7,200 shares, a growth of 188.0% from the June 30th total of 2,500 shares. Based on an average daily volume of 16,000 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

Inception Growth Acquisition Price Performance

Shares of NASDAQ IGTA traded down $0.08 during midday trading on Friday, reaching $11.31. The company’s stock had a trading volume of 566 shares, compared to its average volume of 15,827. The firm has a 50 day moving average price of $11.28 and a 200-day moving average price of $11.03. Inception Growth Acquisition has a 12-month low of $10.39 and a 12-month high of $11.73.

Institutional Investors Weigh In On Inception Growth Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mizuho Securities USA LLC grew its position in Inception Growth Acquisition by 233.3% in the fourth quarter. Mizuho Securities USA LLC now owns 100,000 shares of the company’s stock worth $1,060,000 after acquiring an additional 70,000 shares in the last quarter. Clear Street LLC raised its stake in Inception Growth Acquisition by 63.8% in the fourth quarter. Clear Street LLC now owns 204,335 shares of the company’s stock worth $2,178,000 after buying an additional 79,594 shares in the last quarter. Cowen AND Company LLC increased its stake in shares of Inception Growth Acquisition by 101.0% during the fourth quarter. Cowen AND Company LLC now owns 100,513 shares of the company’s stock valued at $1,071,000 after purchasing an additional 50,513 shares in the last quarter. Berkley W R Corp increased its stake in shares of Inception Growth Acquisition by 40.6% during the first quarter. Berkley W R Corp now owns 174,920 shares of the company’s stock valued at $1,901,000 after purchasing an additional 50,515 shares in the last quarter. Finally, K2 Principal Fund L.P. purchased a new stake in shares of Inception Growth Acquisition during the first quarter valued at approximately $1,159,000. Institutional investors own 48.99% of the company’s stock.

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.