Inception Growth Acquisition Limited (NASDAQ:IGTA) Short Interest Update

Inception Growth Acquisition Limited (NASDAQ:IGTA) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 800 shares, a decline of 27.3% from the September 30th total of 1,100 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 4.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 4.0 days.

Inception Growth Acquisition Stock Performance

IGTA stock opened at $9.00 on Wednesday. Inception Growth Acquisition has a 52-week low of $6.64 and a 52-week high of $14.00. The stock’s fifty day simple moving average is $10.86 and its 200-day simple moving average is $11.57.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their price target on shares of Inception Growth Acquisition from $30.00 to $26.00 and set a “hold” rating on the stock in a research note on Friday, August 1st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.00.

About Inception Growth Acquisition

Inception Growth Acquisition Limited does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on sourcing opportunities in the technology, media and telecom, sports and entertainment, and non-gambling game sectors.