Investcorp India Acquisition Corp (NASDAQ:IVCA) Short Interest Down 76.5% in July

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

Investcorp India Acquisition Stock Performance

Shares of IVCA stock remained flat at $11.40 on Friday. The stock had a trading volume of 21,867 shares, compared to its average volume of 43,964. The company’s fifty day moving average price is $11.34 and its 200-day moving average price is $11.22. Investcorp India Acquisition has a 12 month low of $10.67 and a 12 month high of $11.90.

Hedge Funds Weigh In On Investcorp India Acquisition

Several institutional investors have recently added to or reduced their stakes in the business. Kim LLC increased its stake 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 in the last quarter. K2 Principal Fund L.P. acquired a new position in shares of Investcorp India Acquisition during the fourth quarter valued at about $2,198,000. Wolverine Asset Management LLC boosted its position in shares of Investcorp India Acquisition by 48.2% during the 4th quarter. Wolverine Asset Management LLC now owns 602,874 shares of the company’s stock worth $6,626,000 after purchasing an additional 195,957 shares in the last quarter. Quarry LP acquired a new stake in shares of Investcorp India Acquisition in the 4th quarter valued at about $550,000. Finally, Virtu Financial LLC bought a new stake in Investcorp India Acquisition in the 1st quarter valued at about $343,000. 55.98% of the stock is owned by institutional investors and hedge funds.

Investcorp India Acquisition Company Profile

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.