Inception Growth Acquisition Limited (NASDAQ:IGTA) Sees Large Decline in Short Interest

Inception Growth Acquisition Limited (NASDAQ:IGTA) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 2,600 shares, a decrease of 55.2% from the November 30th total of 5,800 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is currently 0.3 days.

Inception Growth Acquisition Price Performance

IGTA stock remained flat at $10.71 during trading on Friday. 16 shares of the company were exchanged, compared to its average volume of 13,439. The business’s fifty day moving average is $11.46 and its 200-day moving average is $11.37. Inception Growth Acquisition has a twelve month low of $10.52 and a twelve month high of $12.49.

About Inception Growth Acquisition

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.