Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) Short Interest Up 475.0% in November

Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,300 shares, an increase of 475.0% from the October 31st total of 400 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 102,800 shares, the days-to-cover ratio is presently 0.0 days.

Investcorp Europe Acquisition Corp I Stock Performance

Shares of NASDAQ:IVCB remained flat at $11.55 during midday trading on Friday. 8,004 shares of the stock traded hands, compared to its average volume of 100,876. The stock has a fifty day moving average price of $11.72 and a 200-day moving average price of $11.50. Investcorp Europe Acquisition Corp I has a one year low of $10.96 and a one year high of $12.16.

Investcorp Europe Acquisition Corp I Announces Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, November 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bluefin Capital Management LLC acquired a new stake in shares of Investcorp Europe Acquisition Corp I during the second quarter valued at about $2,270,000. K2 Principal Fund L.P. bought a new position in Investcorp Europe Acquisition Corp I in the 2nd quarter valued at approximately $1,850,000. Shaolin Capital Management LLC boosted its position in Investcorp Europe Acquisition Corp I by 75.2% during the 2nd quarter. Shaolin Capital Management LLC now owns 350,456 shares of the company’s stock worth $3,978,000 after buying an additional 150,456 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in Investcorp Europe Acquisition Corp I by 3.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 249,736 shares of the company’s stock worth $2,944,000 after acquiring an additional 9,002 shares during the last quarter. Institutional investors own 66.10% of the company’s stock.

Investcorp Europe Acquisition Corp I Company Profile

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