Indigo Acquisition Corp. (NASDAQ:INACR – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 556 shares, a decline of 38.8% from the September 15th total of 909 shares. Based on an average daily volume of 1,720 shares, the days-to-cover ratio is presently 0.3 days.
Indigo Acquisition Price Performance
Shares of Indigo Acquisition stock traded down $0.00 during trading on Friday, hitting $0.08. 150 shares of the stock traded hands, compared to its average volume of 9,490. Indigo Acquisition has a 52 week low of $0.08 and a 52 week high of $0.20. The firm’s fifty day moving average is $0.10 and its 200-day moving average is $0.13.
Indigo Acquisition Company Profile
Indigo Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its activities are focused on evaluating potential merger, acquisition, or similar transactions rather than developing and selling products or services of its own.
As a blank-check company, Indigo Acquisition’s operations generally consist of searching for a suitable target, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for a proposed business combination.
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