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

Indigo Acquisition Corp. (NASDAQ:INAC) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 40 shares, a decrease of 70.6% from the August 31st total of 136 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,359 shares, the days-to-cover ratio is currently 0.0 days.

Indigo Acquisition Price Performance

Shares of Indigo Acquisition stock opened at $10.35 on Friday. The firm has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $10.24. Indigo Acquisition has a fifty-two week low of $9.96 and a fifty-two week high of $10.40.

Institutional Investors Weigh In On Indigo Acquisition

A hedge fund recently bought a new position in Indigo Acquisition stock. Robinson Capital Management LLC purchased a new stake in shares of Indigo Acquisition Corp. (NASDAQ:INAC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,004 shares of the company’s stock, valued at approximately $143,000. Robinson Capital Management LLC owned 0.11% of Indigo Acquisition as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Indigo Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Indigo Acquisition

Indigo Acquisition Corp. (NASDAQ: INAC) is a special purpose acquisition company, or blank-check company. Rather than operating a conventional business, the company was formed to raise capital through a public offering and pursue a merger, acquisition, or similar business combination with an operating company.

Indigo Acquisition’s activities are centered on identifying and evaluating potential target businesses, negotiating transaction terms, and completing a business combination subject to shareholder and regulatory approval.