Indigo Acquisition Corp. (NASDAQ:INAC) Short Interest Update

Posted by Brian Himes on May 15th, 2026

Indigo Acquisition Corp. (NASDAQ:INAC – Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,322 shares, a decrease of 52.3% from the April 15th total of 2,773 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 3,204 shares, the days-to-cover ratio is currently 0.4 days.

Indigo Acquisition Stock Performance

INAC remained flat at $10.20 during trading on Friday. The company had a trading volume of 129 shares, compared to its average volume of 16,928. Indigo Acquisition has a 1-year low of $9.92 and a 1-year high of $10.20. The business has a 50 day moving average price of $10.16.

Indigo Acquisition (NASDAQ:INAC – Get Free Report) last released its earnings results on Wednesday, March 25th. The company reported $0.09 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Indigo Acquisition in a research note on Wednesday, April 1st. They issued a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Get Our Latest Stock Report on Indigo Acquisition

Institutional Trading of Indigo Acquisition

Institutional investors have recently added to or reduced their stakes in the business. Evercore Wealth Management LLC purchased a new stake in Indigo Acquisition during the fourth quarter valued at about $108,000. Toronto Dominion Bank boosted its position in Indigo Acquisition by 16.4% during the fourth quarter. Toronto Dominion Bank now owns 59,658 shares of the company’s stock valued at $600,000 after buying an additional 8,400 shares during the period. Heights Capital Management Inc. purchased a new stake in Indigo Acquisition during the fourth quarter valued at about $1,008,000. Bulldog Investors LLP boosted its position in Indigo Acquisition by 9.1% during the fourth quarter. Bulldog Investors LLP now owns 178,479 shares of the company’s stock valued at $1,790,000 after buying an additional 14,906 shares during the period. Finally, Westchester Capital Management LLC purchased a new stake in Indigo Acquisition during the fourth quarter valued at about $2,520,000.

Indigo Acquisition Company Profile

(Get Free Report)

Indigo Acquisition (NASDAQ: INAC) is a special purpose acquisition company (SPAC) formed to raise capital through a public offering and to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank-check vehicle, the company’s principal activity is identifying and evaluating acquisition targets rather than operating a traditional commercial enterprise. Funds raised in the offering are typically held in a trust account pending completion of a qualifying business combination.

Like other SPACs, Indigo Acquisition’s activities center on sourcing, negotiating and completing a strategic combination that can provide a private operating company with access to public markets.