Short Interest in Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) Increases By 58.0%

Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 23,700 shares, a growth of 58.0% from the October 31st total of 15,000 shares. Based on an average daily volume of 35,300 shares, the short-interest ratio is currently 0.7 days.

Swiftmerge Acquisition Price Performance

NASDAQ:IVCPW traded down $0.02 during mid-day trading on Friday, hitting $0.12. 57,900 shares of the stock traded hands, compared to its average volume of 45,613. Swiftmerge Acquisition has a 12-month low of $0.01 and a 12-month high of $0.23. The business’s 50-day moving average price is $0.10 and its 200 day moving average price is $0.08.

About Swiftmerge Acquisition

Swiftmerge Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.