Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) Sees Significant Decline in Short Interest

Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) was the target of a significant decline in short interest in 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 daily trading volume, of 80,500 shares, the short-interest ratio is presently 0.0 days.

Investcorp Europe Acquisition Corp I Stock Up 0.5 %

Shares of NASDAQ:IVCB traded up $0.06 during trading hours on Tuesday, hitting $11.56. 400 shares of the company’s stock traded hands, compared to its average volume of 97,505. Investcorp Europe Acquisition Corp I has a 1 year low of $10.96 and a 1 year high of $12.16. The business has a fifty day moving average price of $11.70 and a 200-day moving average price of $11.48.

Investcorp Europe Acquisition Corp I Announces Dividend

The company also recently declared a — dividend, which will be paid on Tuesday, November 12th. Investors of record on Monday, November 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 4th.

Institutional Trading of Investcorp Europe Acquisition Corp I

A number of large investors have recently modified their holdings of IVCB. Berkley W R Corp boosted its holdings in shares of Investcorp Europe Acquisition Corp I by 211.2% in the first quarter. Berkley W R Corp now owns 1,702,673 shares of the company’s stock valued at $19,215,000 after purchasing an additional 1,155,505 shares during the period. Bluefin Capital Management LLC purchased a new stake in Investcorp Europe Acquisition Corp I during the second quarter worth $2,270,000. K2 Principal Fund L.P. purchased a new stake in Investcorp Europe Acquisition Corp I during the second quarter worth $1,850,000. Shaolin Capital Management LLC lifted its holdings in Investcorp Europe Acquisition Corp I by 75.2% during the second 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, Alpine Global Management LLC purchased a new stake in Investcorp Europe Acquisition Corp I during the first quarter worth $1,693,000. Hedge funds and other 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.