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

Indigo Acquisition Corp. (NASDAQ:INACU) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 23 shares, a decrease of 89.0% from the August 31st total of 209 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Indigo Acquisition Price Performance

INACU stock remained flat at $10.37 during mid-day trading on Friday. Indigo Acquisition has a 12 month low of $10.03 and a 12 month high of $13.39. The company’s fifty day simple moving average is $10.57 and its 200 day simple moving average is $10.43.

Institutional Trading of Indigo Acquisition

An institutional investor recently raised its position in Indigo Acquisition stock. Clear Street Group Inc. boosted its position in Indigo Acquisition Corp. (NASDAQ:INACU) by 18.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 235,308 shares of the company’s stock after purchasing an additional 37,062 shares during the quarter. Clear Street Group Inc.’s holdings in Indigo Acquisition were worth $2,384,000 at the end of the most recent reporting period.

About Indigo Acquisition

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.