Investcorp Europe Acquisition Corp I (NASDAQ:IVCB – Get Rating) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 10,100 shares, a decline of 6.5% from the August 31st total of 10,800 shares. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG grew its position in shares of Investcorp Europe Acquisition Corp I by 4,722.5% in the 2nd quarter. UBS Group AG now owns 3,424 shares of the company's stock worth $34,000 after buying an additional 3,353 shares during the last quarter. Wolverine Asset Management LLC grew its position in shares of Investcorp Europe Acquisition Corp I by 0.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 850,618 shares of the company's stock worth $8,523,000 after buying an additional 6,275 shares during the last quarter. Clear Street LLC purchased a new position in shares of Investcorp Europe Acquisition Corp I in the 1st quarter worth approximately $152,000. Lynwood Capital Management Inc. purchased a new stake in Investcorp Europe Acquisition Corp I during the 1st quarter worth approximately $250,000. Finally, PEAK6 Investments LLC purchased a new stake in Investcorp Europe Acquisition Corp I during the 1st quarter worth approximately $250,000.
Get Investcorp Europe Acquisition Corp I alerts:Investcorp Europe Acquisition Corp I Stock Performance
NASDAQ:IVCB opened at $10.11 on Monday. The firm has a 50-day simple moving average of $10.07 and a 200-day simple moving average of $10.02. Investcorp Europe Acquisition Corp I has a one year low of $9.85 and a one year high of $11.02.
About Investcorp Europe Acquisition Corp I
(Get Rating)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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