indie Semiconductor, Inc. (NASDAQ:INDIW) Sees Large Decline in Short Interest

a drop of 37.2% from the March 15th total of 69,700 shares. Based on an average daily volume of 25,800 shares, the short-interest ratio is currently 1.7 days. The number of shares shorted dropped 37.2% in the month of March for indie Semiconductor, Inc.

( ) saw a significant drop in short interest for the month of march. On March 31, there were 43,600 short shares, an 8.0% drop from the 47,400 total shares on March 15. The days-to-cover is currently 0.6 based on a daily average volume of 75.200 shares.

Hedge Funds Weigh In On indie Semiconductor

INDIW shares have been bought and sold by a number of institutional investors in the last few months. Aristeia Capital LLC increased its stake in indie Semiconductor in the fourth quarter by 68.3%. Aristeia Capital LLC owns 1,088,281 of the company’s stock, valued at $1.714,000. It acquired an additional 441,634 during the period. Zazove Associates LLC purchased a $536,000 stake in indie Semiconductor during the fourth quarter. RPO LLC increased its stake in indie Semiconductor in the fourth quarter by 57.1%. RPO LLC owns 125.950 shares valued at $200,000. This is after adding 45.790 additional shares. Trading was down by $0.04 at midday on Friday to $2.28. The trading volume was 9,048 shares compared to the average of 65,840. The company has a 50-day moving average of $3.01. Indie Semiconductor's 12-month low is $0.80, and its 12-month high is $3.67. offers a FREE daily email newsletter