Short Interest in Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) Grows By 707.7%

Investcorp Europe Acquisition Corp I (NASDAQ:IVCB - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 10,500 shares, a growth of 707.7% from the March 15th total of 1,300 shares. Based on an average daily volume of 72,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Investcorp Europe Acquisition Corp I

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG boosted its holdings in Investcorp Europe Acquisition Corp I by 4,722.5% in the second quarter. UBS Group AG now owns 3,424 shares of the company's stock valued at $34,000 after acquiring an additional 3,353 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Investcorp Europe Acquisition Corp I in the 3rd quarter valued at about $103,000. Captrust Financial Advisors bought a new position in shares of Investcorp Europe Acquisition Corp I in the 2nd quarter valued at about $111,000. Jane Street Group LLC acquired a new stake in shares of Investcorp Europe Acquisition Corp I during the 3rd quarter worth approximately $141,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Investcorp Europe Acquisition Corp I during the fourth quarter worth approximately $162,000. 66.10% of the stock is owned by institutional investors and hedge funds.

Investcorp Europe Acquisition Corp I Stock Performance

Shares of Investcorp Europe Acquisition Corp I stock traded down $0.02 during midday trading on Wednesday, reaching $11.30. The company had a trading volume of 14,475 shares, compared to its average volume of 94,545. The stock has a fifty day simple moving average of $11.18 and a 200 day simple moving average of $11.05. Investcorp Europe Acquisition Corp I has a 1-year low of $10.46 and a 1-year high of $11.33.

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 in Western Europe.