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

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

Investcorp Europe Acquisition Corp I Price Performance

Shares of NASDAQ IVCB traded up $0.06 during mid-day trading on Tuesday, hitting $11.56. The stock had a trading volume of 400 shares, compared to its average volume of 97,505. The company has a 50 day moving average of $11.70 and a two-hundred day moving average of $11.48. Investcorp Europe Acquisition Corp I has a twelve month low of $10.96 and a twelve month high of $12.16.

Investcorp Europe Acquisition Corp I Announces Dividend

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

Institutional Investors Weigh In On Investcorp Europe Acquisition Corp I

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alpine Global Management LLC acquired a new stake in Investcorp Europe Acquisition Corp I during the 1st quarter worth about $1,693,000. K2 Principal Fund L.P. acquired a new stake in Investcorp Europe Acquisition Corp I during the 2nd quarter worth about $1,850,000. Bluefin Capital Management LLC acquired a new stake in Investcorp Europe Acquisition Corp I during the 2nd quarter worth about $2,270,000. Wolverine Asset Management LLC grew its position in Investcorp Europe Acquisition Corp I by 3.7% during 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 during the period. Finally, Shaolin Capital Management LLC grew its position in shares of Investcorp Europe Acquisition Corp I by 75.2% during the 2nd quarter. Shaolin Capital Management LLC now owns 350,456 shares of the company’s stock valued at $3,978,000 after acquiring an additional 150,456 shares during the period. 66.10% of the stock is owned by institutional investors and hedge funds.

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.