Caas Capital Management LP reduces its stake in Swiftmerge Acquisition Corp. (NASDAQ:IVCP)

Caas Capital Management LP has reduced its position in shares of Swiftmerge Acquisition Corp., according to its latest disclosure to the Securities and Exchange Commission. (NASDAQ:IVCP – Free Report) up 33.3% in the fourth quarter. The company now owned 200,000 shares of the company’s stock after selling 100,000 shares during the period. Swiftmerge Acquisition represents approximately 0.2% of Caas Capital Management LP’s investment portfolio, making it its 10th largest holding. Caas Capital Management LP held approximately 0.71% of Swiftmerge Acquisition worth $2,174,000 at the end of the most recent reporting period.

Separately, Mizuho Securities USA LLC bought a new position in Swiftmerge Acquisition during the fourth quarter valued at $1,064,000. Currently, 38.10% of the shares are held by institutional investors.

Price performance of acquiring Swiftmerge

Swiftmerge Acquisition shares closed at $10.89 on Friday. The stock’s fifty-day moving average price is $10.83 and its two-hundred-day moving average price is $10.84. Swiftmerge Acquisition Corp. it has a 1-year low of $10.30 and a 1-year high of $12.20. The company has a market capitalization of $74.49 million, a PE ratio of 77.79 and a beta of 0.02.

Swiftmerge Acquisition (NASDAQ:IVCP – Get Free Report) last released its quarterly earnings data on Monday, May 20th. The company observed ($0.01) EPS for the quarter.

Swiftmerge acquisition company profile

(free report)

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

Price performance of acquiring Swiftmerge

Swiftmerge acquisition company profile

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