Indigo Acquisition Corp. (NASDAQ:INACR) Stock Short Interest Report for October

by · The Markets Daily

Indigo Acquisition Corp. (NASDAQ:INACR – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 323 shares, a drop of 41.9% from the September 30th total of 556 shares. Based on an average trading volume of 2,073 shares, the short-interest ratio is currently 0.2 days.

Indigo Acquisition Stock Performance

Shares of NASDAQ:INACR traded up $0.00 during trading on Friday, reaching $0.08. 148,075 shares of the company traded hands, compared to its average volume of 12,162. The company’s 50 day moving average is $0.09 and its two-hundred day moving average is $0.13. Indigo Acquisition has a 52 week low of $0.07 and a 52 week high of $0.20.

About Indigo Acquisition

(Get Free Report)

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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