Indigo Acquisition Corp. (NASDAQ:INAC – Get Free Report) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 40 shares, a decline of 70.6% from the August 31st total of 136 shares. Based on an average daily volume of 1,359 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.
Institutional Trading of Indigo Acquisition
A hedge fund recently bought a new position in Indigo Acquisition stock. Sona Asset Management US LLC purchased a new position in shares of Indigo Acquisition Corp. (NASDAQ:INAC – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 158,059 shares of the company’s stock, valued at approximately $1,611,000. Sona Asset Management US LLC owned about 1.23% of Indigo Acquisition as of its most recent SEC filing.
Indigo Acquisition Stock Performance
Shares of NASDAQ INAC opened at $10.35 on Friday. Indigo Acquisition has a one year low of $9.96 and a one year high of $10.40. The business’s 50-day moving average price is $10.32 and its two-hundred day moving average price is $10.24.
Analyst Upgrades and Downgrades
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Indigo Acquisition Company Profile
Indigo Acquisition Corp. (NASDAQ: INAC) is a special purpose acquisition company, or blank-check company. Rather than operating a conventional business, the company was formed to raise capital through a public offering and pursue a merger, acquisition, or similar business combination with an operating company.
Indigo Acquisition’s activities are centered on identifying and evaluating potential target businesses, negotiating transaction terms, and completing a business combination subject to shareholder and regulatory approval.
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