Investcorp India Acquisition Corp (NASDAQ:IVCA) Sees Large Decline in Short Interest

Investcorp India Acquisition Corp (NASDAQ:IVCA) was the target of a large drop in short interest in 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 currently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Kim LLC boosted its stake in shares of Investcorp India Acquisition by 125.0% during the 4th quarter. Kim LLC now owns 225,006 shares of the company’s stock valued at $2,473,000 after purchasing an additional 125,000 shares in the last quarter. K2 Principal Fund L.P. purchased a new stake in Investcorp India Acquisition in the fourth quarter worth about $2,198,000. Wolverine Asset Management LLC boosted its position in 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 in the last quarter. Quarry LP bought a new stake in Investcorp India Acquisition during the 4th quarter valued at approximately $550,000. Finally, Virtu Financial LLC purchased a new position in shares of Investcorp India Acquisition during the 1st quarter worth approximately $343,000. 55.98% of the stock is currently owned by institutional investors.

Investcorp India Acquisition Price Performance

IVCA stock remained flat at $11.40 on Friday. The company had a trading volume of 21,867 shares, compared to its average volume of 43,964. The company 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 12 month low of $10.67 and a 12 month high of $11.90.

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.