Short Interest in Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) Decreases By 95.9%

Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 400 shares, a decline of 95.9% from the October 15th total of 9,700 shares. Based on an average trading volume of 80,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Investcorp Europe Acquisition Corp I

Hedge funds have recently bought and sold shares of the stock. Alpine Global Management LLC acquired a new stake in shares of Investcorp Europe Acquisition Corp I during the first quarter worth $1,693,000. K2 Principal Fund L.P. bought a new position in Investcorp Europe Acquisition Corp I during the second quarter worth about $1,850,000. Bluefin Capital Management LLC bought a new position in Investcorp Europe Acquisition Corp I during the second quarter worth about $2,270,000. Wolverine Asset Management LLC raised its stake in Investcorp Europe Acquisition Corp I by 3.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 249,736 shares of the company’s stock worth $2,944,000 after purchasing an additional 9,002 shares in the last quarter. Finally, Shaolin Capital Management LLC boosted its holdings in Investcorp Europe Acquisition Corp I by 75.2% in the 2nd quarter. Shaolin Capital Management LLC now owns 350,456 shares of the company’s stock valued at $3,978,000 after purchasing an additional 150,456 shares during the period. 66.10% of the stock is currently owned by institutional investors and hedge funds.

Investcorp Europe Acquisition Corp I Price Performance

Shares of NASDAQ:IVCB traded up $0.06 on Wednesday, hitting $11.56. The company had a trading volume of 423 shares, compared to its average volume of 191,100. The stock has a 50 day moving average price of $11.70 and a 200 day moving average price of $11.48. Investcorp Europe Acquisition Corp I has a 1-year low of $10.96 and a 1-year high of $12.16.

Investcorp Europe Acquisition Corp I Dividend Announcement

The business also recently declared a — dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were paid a $0.60 dividend. The ex-dividend date was Monday, November 4th.

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.