Investcorp India Acquisition (NASDAQ:IVCA) Stock Price Up 0.3% – Time to Buy?

Investcorp India Acquisition Corp (NASDAQ:IVCA)’s stock price rose 0.3% during trading on Monday . The company traded as high as $11.90 and last traded at $11.94. Approximately 216 shares changed hands during trading, a decline of 70% from the average daily volume of 712 shares. The stock had previously closed at $11.90.

Investcorp India Acquisition Stock Up 0.3 %

The company has a 50 day moving average of $11.85 and a two-hundred day moving average of $11.69.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Investcorp India Acquisition stock. Quarry LP raised its position in Investcorp India Acquisition Corp (NASDAQ:IVCA) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,000 shares of the company’s stock after buying an additional 13,333 shares during the period. Quarry LP owned about 0.46% of Investcorp India Acquisition worth $867,000 at the end of the most recent reporting period. Institutional investors own 55.98% of the company’s stock.

About Investcorp India Acquisition

Investcorp India Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was formerly known as Investcorp Acquisition Corp.