Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) Sees Significant Growth in Short Interest

Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 66,500 shares, a growth of 5.4% from the August 15th total of 63,100 shares. Based on an average daily volume of 15,500 shares, the short-interest ratio is presently 4.3 days.

Swiftmerge Acquisition Stock Performance

NASDAQ:IVCPW opened at $0.10 on Tuesday. Swiftmerge Acquisition has a one year low of $0.01 and a one year high of $0.12. The stock has a 50-day simple moving average of $0.08 and a 200 day simple moving average of $0.07.

Swiftmerge Acquisition Company Profile

Swiftmerge Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.