Indigo Acquisition Corp. (NASDAQ:INACR – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 323 shares, a decrease of 41.9% from the September 30th total of 556 shares. Based on an average daily trading volume, of 2,073 shares, the short-interest ratio is currently 0.2 days.
Indigo Acquisition Price Performance
NASDAQ:INACR traded up $0.00 during mid-day trading on Tuesday, hitting $0.08. 148,075 shares of the stock traded hands, compared to its average volume of 12,162. The business’s 50-day moving average price is $0.09 and its 200 day moving average price is $0.13. Indigo Acquisition has a 12-month low of $0.07 and a 12-month high of $0.20.
About Indigo Acquisition
Indigo Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its activities are focused on evaluating potential merger, acquisition, or similar transactions rather than developing and selling products or services of its own.
As a blank-check company, Indigo Acquisition’s operations generally consist of searching for a suitable target, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for a proposed business combination.
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