Empowerment & Inclusion Capital I Corp. (NYSE:EPWR) Sees Large Decrease in Short Interest

Empowerment & Inclusion Capital I Corp. (NYSE:EPWR) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 11,400 shares, a decline of 49.8% from the August 15th total of 22,700 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional investors have recently added to or reduced their stakes in the company. Berkley W R Corp bought a new position in shares of Empowerment & Inclusion Capital I in the first quarter worth $144,000. Karpus Management Inc. bought a new position in shares of Empowerment & Inclusion Capital I in the first quarter worth $148,000. Alyeska Investment Group L.P. bought a new position in shares of Empowerment & Inclusion Capital I in the first quarter worth $242,000. Kohlberg Kravis Roberts & Co. L.P. bought a new position in shares of Empowerment & Inclusion Capital I in the first quarter worth $243,000. Finally, Segantii Capital Management Ltd bought a new position in shares of Empowerment & Inclusion Capital I in the first quarter worth $484,000. 54.08% of the stock is currently owned by hedge funds and other institutional investors.

EPWR stock remained flat at $$9.75 during midday trading on Friday. 53 shares of the company’s stock were exchanged, compared to its average volume of 55,848. The business’s 50 day simple moving average is $9.80. Empowerment & Inclusion Capital I has a 1-year low of $9.50 and a 1-year high of $10.35.

Empowerment & Inclusion Capital I Company Profile

Empowerment & Inclusion Capital I Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses. The company was incorporated in 1999 and is based in New York, New York.

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