Swiftmerge Acquisition Corp. (NASDAQ:IVCP – Get Rating) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 7,900 shares, an increase of 172.4% from the July 15th total of 2,900 shares. Based on an average daily trading volume, of 26,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company's stock are sold short.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Berkley W R Corp purchased a new position in Swiftmerge Acquisition in the first quarter worth $676,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Swiftmerge Acquisition in the first quarter worth $142,000. Robinson Capital Management LLC purchased a new position in Swiftmerge Acquisition in the second quarter worth $262,000. Sage Mountain Advisors LLC purchased a new position in Swiftmerge Acquisition in the second quarter worth $246,000. Finally, Wealthspring Capital LLC purchased a new position in Swiftmerge Acquisition in the second quarter worth $646,000. Hedge funds and other institutional investors own 55.78% of the company's stock.
Get Swiftmerge Acquisition alerts:Swiftmerge Acquisition Stock Performance
Shares of NASDAQ:IVCP opened at $9.89 on Thursday. The firm's 50 day moving average is $9.84. Swiftmerge Acquisition has a 12-month low of $9.67 and a 12-month high of $11.37.
About Swiftmerge Acquisition
(Get Rating)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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