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

Empowerment & Inclusion Capital I Corp. (NYSE:EPWRGet Rating) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 2,100 shares, a drop of 52.3% from the April 15th total of 4,400 shares. Based on an average daily volume of 51,100 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Shares of NYSE:EPWR remained flat at $$9.80 during midday trading on Friday. The stock had a trading volume of 1,122 shares, compared to its average volume of 58,466. Empowerment & Inclusion Capital I has a 1-year low of $9.62 and a 1-year high of $9.95. The business has a 50 day moving average of $9.81 and a two-hundred day moving average of $9.78.

Several large investors have recently bought and sold shares of EPWR. D. E. Shaw & Co. Inc. boosted its position in shares of Empowerment & Inclusion Capital I by 77.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 680,208 shares of the company’s stock worth $6,625,000 after purchasing an additional 295,999 shares during the last quarter. Omni Event Management Ltd bought a new position in Empowerment & Inclusion Capital I during the fourth quarter worth about $2,117,000. Cantor Fitzgerald Investment Adviser L.P. bought a new position in Empowerment & Inclusion Capital I during the fourth quarter worth about $1,895,000. Kawa Capital Management Inc bought a new position in Empowerment & Inclusion Capital I during the fourth quarter worth about $534,000. Finally, GAM Holding AG bought a new position in Empowerment & Inclusion Capital I during the fourth quarter worth about $324,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

About Empowerment & Inclusion Capital I (Get Rating)

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 businesses. The company was incorporated in 1999 and is based in New York, New York.

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