Short Interest in Swiftmerge Acquisition Corp. (NASDAQ:IVCPW) Increases By 5.4%

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

Swiftmerge Acquisition Price Performance

IVCPW opened at $0.10 on Thursday. The stock’s 50 day moving average price is $0.08 and its two-hundred day moving average price is $0.07. Swiftmerge Acquisition has a 12-month low of $0.01 and a 12-month high of $0.12.

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.