Indigo Acquisition Corp. (NASDAQ:INACU) Stock Short Interest Declines 89.0%

Indigo Acquisition Corp. (NASDAQ:INACU) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 23 shares, a decline of 89.0% from the August 31st total of 209 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Indigo Acquisition Stock Performance

Shares of Indigo Acquisition stock remained flat at $10.37 during midday trading on Friday. The firm’s 50 day moving average is $10.58 and its two-hundred day moving average is $10.43. Indigo Acquisition has a one year low of $10.03 and a one year high of $13.39.

Institutional Investors Weigh In On Indigo Acquisition

A hedge fund recently raised its position in Indigo Acquisition stock. Clear Street Group Inc. increased its stake in Indigo Acquisition Corp. (NASDAQ:INACU) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,308 shares of the company’s stock after buying an additional 37,062 shares during the period. Clear Street Group Inc.’s holdings in Indigo Acquisition were worth $2,384,000 at the end of the most recent reporting period.

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.