Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Update

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 7,300 shares, a drop of 63.3% from the February 13th total of 19,900 shares. Based on an average daily trading volume, of 31,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Investcorp Credit Management BDC

A hedge fund recently bought a new stake in Investcorp Credit Management BDC stock. Raymond James Financial Inc. acquired a new position in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,571 shares of the company’s stock, valued at approximately $68,000. Raymond James Financial Inc. owned about 0.16% of Investcorp Credit Management BDC as of its most recent filing with the Securities and Exchange Commission (SEC). 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Investcorp Credit Management BDC Price Performance

ICMB traded up $0.01 on Friday, reaching $3.29. 19,227 shares of the company’s stock were exchanged, compared to its average volume of 26,304. Investcorp Credit Management BDC has a twelve month low of $2.91 and a twelve month high of $3.67. The stock has a market cap of $47.40 million, a PE ratio of 9.97 and a beta of 1.72. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s fifty day moving average price is $3.14 and its 200-day moving average price is $3.13.

About Investcorp Credit Management BDC

Investcorp Credit Management BDC, Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, acquisitions, market/product expansion, organic growth, refinancings and recapitalization investments. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies through warrants and other instruments, in most cases taking such upside participation interests as part of a broader investment relationship.