Inception Growth Acquisition Limited (NASDAQ:IGTA) Short Interest Down 10.3% in August

Inception Growth Acquisition Limited (NASDAQ:IGTA) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 3,500 shares, a drop of 10.3% from the August 15th total of 3,900 shares. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Berkley W R Corp boosted its holdings in Inception Growth Acquisition by 40.6% during the first quarter. Berkley W R Corp now owns 174,920 shares of the company’s stock worth $1,901,000 after buying an additional 50,515 shares in the last quarter. K2 Principal Fund L.P. bought a new stake in Inception Growth Acquisition during the first quarter worth approximately $1,159,000. Finally, Clear Street LLC boosted its holdings in Inception Growth Acquisition by 63.8% during the fourth quarter. Clear Street LLC now owns 204,335 shares of the company’s stock worth $2,178,000 after buying an additional 79,594 shares in the last quarter. Institutional investors and hedge funds own 48.99% of the company’s stock.

Inception Growth Acquisition Price Performance

Shares of NASDAQ IGTA traded up $0.01 during mid-day trading on Wednesday, reaching $11.31. 1,523 shares of the company traded hands, compared to its average volume of 13,648. Inception Growth Acquisition has a fifty-two week low of $10.61 and a fifty-two week high of $11.73. The stock has a fifty day simple moving average of $11.33 and a 200-day simple moving average of $11.17.

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.