Indigo Acquisition Corp. (NASDAQ:INACU – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 307 shares, an increase of 125.7% from the May 31st total of 136 shares. Based on an average daily volume of 680 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On Indigo Acquisition
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bulldog Investors LLP bought a new stake in shares of Indigo Acquisition in the 3rd quarter worth approximately $192,000. Citadel Advisors LLC acquired a new stake in shares of Indigo Acquisition during the 3rd quarter worth approximately $199,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Indigo Acquisition during the third quarter valued at approximately $202,000. Susquehanna International Group LLP acquired a new position in shares of Indigo Acquisition in the third quarter valued at $215,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Indigo Acquisition in the third quarter valued at $253,000.
Indigo Acquisition Stock Performance
Shares of INACU remained flat at $10.31 during trading hours on Monday. The company has a 50-day simple moving average of $10.41 and a 200 day simple moving average of $10.29. Indigo Acquisition has a 52-week low of $10.01 and a 52-week high of $13.39.
Indigo Acquisition Company Profile
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.
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