Indigo Acquisition Corp. (NASDAQ:INACU) Short Interest Update

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

Indigo Acquisition Trading Up 0.1%

Shares of NASDAQ:INACU traded up $0.01 on Tuesday, reaching $10.32. Indigo Acquisition has a fifty-two week low of $10.01 and a fifty-two week high of $13.39. The business has a fifty day moving average price of $10.41 and a two-hundred day moving average price of $10.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in INACU. JPMorgan Chase & Co. bought a new stake in Indigo Acquisition during the third quarter worth approximately $253,000. Yakira Capital Management Inc. purchased a new stake in Indigo Acquisition during the 3rd quarter valued at $272,000. Schonfeld Strategic Advisors LLC bought a new stake in Indigo Acquisition in the third quarter worth $202,000. Bulldog Investors LLP bought a new stake in Indigo Acquisition in the third quarter worth $192,000. Finally, Clear Street Group Inc. purchased a new position in Indigo Acquisition during the third quarter worth $2,004,000.

About Indigo Acquisition

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.