Swiftmerge Acquisition Corp. (NASDAQ:IVCP – Get Rating) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 3,400 shares, a decrease of 59.5% from the September 15th total of 8,400 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 26,900 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Swiftmerge Acquisition

Several large investors have recently bought and sold shares of IVCP. JPMorgan Chase & Co. purchased a new position in Swiftmerge Acquisition in the second quarter worth approximately $111,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Swiftmerge Acquisition during the first quarter worth $142,000. Sage Mountain Advisors LLC purchased a new stake in shares of Swiftmerge Acquisition during the 2nd quarter valued at approximately $246,000. Robinson Capital Management LLC purchased a new position in Swiftmerge Acquisition during the 2nd quarter valued at about $262,000. Finally, Ramius Advisors LLC purchased a new stake in Swiftmerge Acquisition during the first quarter valued at $344,000.

Swiftmerge Acquisition Price Performance

Shares of IVCP stock opened at $9.94 on Thursday. The firm has a fifty day moving average of $9.91 and a two-hundred day moving average of $9.85. Swiftmerge Acquisition has a 1-year low of $9.67 and a 1-year high of $11.37.

About Swiftmerge Acquisition

Swiftmerge Acquisition Corp. does not have significant operations. It intends to effect 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.

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