Indigo Acquisition Corp. (NASDAQ:INACU – Get Free Report) was the recipient of a significant 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.
Indigo Acquisition Stock Up 0.7%
Shares of INACU stock opened at $10.35 on Wednesday. Indigo Acquisition has a 12-month low of $10.01 and a 12-month high of $10.40. The stock’s 50-day moving average price is $10.27 and its 200-day moving average price is $10.23.
Institutional Investors Weigh In On Indigo Acquisition
A number of hedge funds have recently made changes to their positions in INACU. JPMorgan Chase & Co. purchased a new stake in shares of Indigo Acquisition in the third quarter worth about $253,000. BCK Capital Management LP purchased a new stake in shares of Indigo Acquisition in the third quarter worth about $870,000. Yakira Capital Management Inc. purchased a new stake in shares of Indigo Acquisition in the third quarter worth about $272,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Indigo Acquisition in the third quarter worth about $202,000. Finally, Bulldog Investors LLP purchased a new stake in shares of Indigo Acquisition in the third quarter worth about $192,000.
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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