Investcorp India Acquisition Corp (NASDAQ:IVCA – Get Free Report) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 400 shares, a drop of 76.5% from the June 30th total of 1,700 shares. Based on an average daily trading volume, of 44,400 shares, the days-to-cover ratio is presently 0.0 days.
Investcorp India Acquisition Price Performance
Shares of Investcorp India Acquisition stock remained flat at $11.40 during midday trading on Friday. 21,867 shares of the company traded hands, compared to its average volume of 43,964. The business has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $11.22. Investcorp India Acquisition has a 52-week low of $10.67 and a 52-week high of $11.90.
Institutional Investors Weigh In On Investcorp India Acquisition
A number of large investors have recently made changes to their positions in IVCA. Virtu Financial LLC purchased a new stake in Investcorp India Acquisition in the first quarter valued at approximately $343,000. Quarry LP acquired a new stake in Investcorp India Acquisition during the 4th quarter valued at approximately $550,000. K2 Principal Fund L.P. acquired a new stake in Investcorp India Acquisition during the 4th quarter valued at approximately $2,198,000. Kim LLC boosted its holdings in shares of Investcorp India Acquisition by 125.0% in the 4th quarter. Kim LLC now owns 225,006 shares of the company’s stock valued at $2,473,000 after acquiring an additional 125,000 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its stake in shares of 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 acquiring an additional 235,713 shares during the period. 55.98% of the stock is owned by hedge funds and other institutional investors.
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.
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