Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) Short Interest Down 72.6% in November

Posted by Tyrone Williams on Dec 12th, 2024

Swiftmerge Acquisition Corp. (NASDAQ:IVCPW – Get Free Report) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 6,500 shares, a decrease of 72.6% from the November 15th total of 23,700 shares. Based on an average trading volume of 38,400 shares, the days-to-cover ratio is currently 0.2 days.

Swiftmerge Acquisition Trading Up 17.2 %

IVCPW traded up $0.03 during mid-day trading on Thursday, hitting $0.22. The stock had a trading volume of 61,479 shares, compared to its average volume of 44,765. The stock’s fifty day simple moving average is $0.11 and its 200-day simple moving average is $0.09. Swiftmerge Acquisition has a 1-year low of $0.01 and a 1-year high of $0.23.

Swiftmerge Acquisition Company Profile

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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.