Investcorp Europe Acquisition Corp I (NASDAQ:IVCB – Get Rating) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 11,000 shares, a growth of 12.2% from the July 31st total of 9,800 shares. Based on an average daily trading volume, of 40,100 shares, the days-to-cover ratio is presently 0.3 days.

Investcorp Europe Acquisition Corp I Price Performance

NASDAQ:IVCB remained flat at $10.06 during trading hours on Wednesday. The company's stock had a trading volume of 5,201 shares, compared to its average volume of 5,769. Investcorp Europe Acquisition Corp I has a 1 year low of $9.85 and a 1 year high of $11.02. The company has a 50-day simple moving average of $10.03.

Institutional Trading of Investcorp Europe Acquisition Corp I

Several hedge funds and other institutional investors have recently made changes to their positions in IVCB. Saba Capital Management L.P. acquired a new position in Investcorp Europe Acquisition Corp I during the first quarter worth about $17,990,000. Aristeia Capital LLC grew its holdings in shares of Investcorp Europe Acquisition Corp I by 10.0% in the 2nd quarter. Aristeia Capital LLC now owns 1,100,000 shares of the company's stock worth $11,022,000 after acquiring an additional 100,000 shares during the period. Dryden Capital LLC purchased a new position in Investcorp Europe Acquisition Corp I in the 1st quarter valued at approximately $10,289,000. P Schoenfeld Asset Management LP acquired a new position in Investcorp Europe Acquisition Corp I during the first quarter worth $8,549,000. Finally, Wolverine Asset Management LLC boosted its position in Investcorp Europe Acquisition Corp I by 0.7% during the second quarter. Wolverine Asset Management LLC now owns 850,618 shares of the company's stock worth $8,523,000 after purchasing an additional 6,275 shares in the last quarter.

About Investcorp Europe Acquisition Corp I

Investcorp Europe Acquisition Corp I does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other transaction with one or more businesses or assets in the business services, consumer and lifestyle, niche manufacturing, and technology sectors in Western Europe.

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