Indigo Acquisition Corp. (NASDAQ:INACU) Short Interest Up 9,300.0% in April

Indigo Acquisition Corp. (NASDAQ:INACUGet Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 94 shares, an increase of 9,300.0% from the April 15th total of 1 shares. Based on an average daily volume of 182 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Indigo Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of the business. OMERS ADMINISTRATION Corp increased its holdings in shares of Indigo Acquisition by 212.0% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 200,000 shares of the company’s stock worth $2,026,000 after purchasing an additional 135,888 shares in the last quarter. Clear Street Group Inc. increased its holdings in shares of Indigo Acquisition by 18.7% in the 4th quarter. Clear Street Group Inc. now owns 235,308 shares of the company’s stock worth $2,384,000 after purchasing an additional 37,062 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Indigo Acquisition in the 3rd quarter worth $253,000. Heights Capital Management Inc. bought a new stake in shares of Indigo Acquisition in the 3rd quarter worth $1,011,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Indigo Acquisition in the 3rd quarter worth $215,000.

Indigo Acquisition Stock Down 0.2%

Shares of Indigo Acquisition stock traded down $0.03 on Monday, reaching $10.32. The company’s stock had a trading volume of 158 shares, compared to its average volume of 609. The firm’s fifty day simple moving average is $10.27 and its two-hundred day simple moving average is $10.22. Indigo Acquisition has a 52 week low of $10.01 and a 52 week high of $10.40.

Indigo Acquisition Company Profile

(Get Free Report)

Indigo Acquisition Corp. is a blank check company incorporated in Delaware and listed on the Nasdaq under the ticker INACU. The company was formed for the purpose of effecting a business combination, such as a merger, capital stock exchange, asset acquisition or similar transaction, with one or more target businesses.

While Indigo Acquisition has not yet announced a definitive combination, it is structured to seek opportunities in sectors aligned with the expertise of its sponsor, including aerospace, aviation and related industries.

Further Reading

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