Investcorp Europe Acquisition Corp I (NASDAQ:IVCB – Get Rating) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 26,000 shares, a growth of 8.8% from the February 13th total of 23,900 shares. Based on an average daily volume of 138,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
Investcorp Europe Acquisition Corp I Price Performance
Investcorp Europe Acquisition Corp I stock traded up $0.02 during midday trading on Wednesday, hitting $10.44. The company's stock had a trading volume of 16,031 shares, compared to its average volume of 169,146. Investcorp Europe Acquisition Corp I has a 1-year low of $9.90 and a 1-year high of $11.39. The company has a 50-day moving average price of $10.38 and a two-hundred day moving average price of $10.25.
Get Investcorp Europe Acquisition Corp I alerts:Hedge Funds Weigh In On Investcorp Europe Acquisition Corp I
Several hedge funds have recently bought and sold shares of the company. Shaolin Capital Management LLC increased its holdings in Investcorp Europe Acquisition Corp I by 11.7% in the 4th quarter. Shaolin Capital Management LLC now owns 1,284,907 shares of the company's stock valued at $13,235,000 after buying an additional 134,907 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings in Investcorp Europe Acquisition Corp I by 4.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 56,800 shares of the company's stock valued at $585,000 after buying an additional 2,299 shares during the period. Nomura Holdings Inc. bought a new position in Investcorp Europe Acquisition Corp I in the 4th quarter valued at about $3,685,000. Glazer Capital LLC increased its holdings in Investcorp Europe Acquisition Corp I by 3.9% in the 4th quarter. Glazer Capital LLC now owns 2,283,265 shares of the company's stock valued at $23,518,000 after buying an additional 84,664 shares during the period. Finally, First Trust Capital Management L.P. increased its holdings in Investcorp Europe Acquisition Corp I by 236.4% in the 4th quarter. First Trust Capital Management L.P. now owns 275,602 shares of the company's stock valued at $2,839,000 after buying an additional 193,682 shares during the period. 61.76% of the stock is owned by institutional investors.
About Investcorp Europe Acquisition Corp I
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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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