Indigo Acquisition Corp. (NASDAQ:INACR – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 556 shares, a drop of 38.8% from the September 15th total of 909 shares. Based on an average daily volume of 1,720 shares, the short-interest ratio is presently 0.3 days.
Indigo Acquisition Stock Performance
NASDAQ INACR traded down $0.00 during mid-day trading on Friday, hitting $0.08. The company’s stock had a trading volume of 150 shares, compared to its average volume of 9,490. The company’s 50 day simple moving average is $0.10 and its 200 day simple moving average is $0.13. Indigo Acquisition has a twelve month low of $0.08 and a twelve month high of $0.20.
About Indigo Acquisition
Indigo Acquisition is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, acquisition or similar transaction, with one or more operating businesses.
Unlike an operating company, Indigo Acquisition does not appear to offer its own products or services, maintain a conventional customer base or conduct business across defined geographic markets. Its principal activities are evaluating potential target companies and pursuing a transaction that would result in a combined operating business.
Publicly available information about Indigo Acquisition’s specific investment focus, completed transactions and leadership is limited.
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