Indigo Acquisition Corp. (NASDAQ:INACU) Sees Significant Growth in Short Interest

Indigo Acquisition Corp. (NASDAQ:INACU) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 307 shares, a growth of 125.7% from the May 31st total of 136 shares. Based on an average daily trading volume, of 680 shares, the days-to-cover ratio is currently 0.5 days.

Indigo Acquisition Stock Performance

INACU stock remained flat at $10.31 during trading on Monday. The business has a 50 day simple moving average of $10.41 and a 200 day simple moving average of $10.29. Indigo Acquisition has a 1-year low of $10.01 and a 1-year high of $13.39.

Hedge Funds Weigh In On Indigo Acquisition

Several institutional investors have recently added to or reduced their stakes in the company. Bulldog Investors LLP acquired a new position in Indigo Acquisition in the third quarter valued at about $192,000. Citadel Advisors LLC acquired a new stake in shares of Indigo Acquisition during the third quarter worth approximately $199,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Indigo Acquisition during the third quarter worth approximately $202,000. Susquehanna International Group LLP acquired a new stake in shares of Indigo Acquisition during the third quarter worth approximately $215,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Indigo Acquisition in the third quarter valued at approximately $253,000.

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.