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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 157,236 shares, an increase of 126.5% from the January 29th total of 69,415 shares. Based on an average trading volume of 58,352 shares, the short-interest ratio is currently 2.7 days. Currently, 1.1% of the shares of the stock are sold short. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 58,352 shares, the short-interest ratio is currently 2.7 days.

Hedge Funds Weigh In On Investcorp Credit Management BDC

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alpine Global Management LLC bought a new stake in shares of Investcorp Credit Management BDC during the 4th quarter valued at $71,000. Bulldog Investors LLP boosted its position in shares of Investcorp Credit Management BDC by 6.0% in the 4th quarter. Bulldog Investors LLP now owns 554,197 shares of the company’s stock worth $1,496,000 after purchasing an additional 31,445 shares during the last quarter. Finally, North Ground Capital acquired a new stake in shares of Investcorp Credit Management BDC during the fourth quarter worth $147,000. 7.76% of the stock is owned by institutional investors.

Investcorp Credit Management BDC Trading Down 1.0%

Investcorp Credit Management BDC stock traded down $0.03 during trading hours on Friday, reaching $2.90. 13,624 shares of the company’s stock traded hands, compared to its average volume of 43,636. The firm has a market capitalization of $41.82 million, a price-to-earnings ratio of -290.00 and a beta of 0.43. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.47 and a current ratio of 1.47. Investcorp Credit Management BDC has a fifty-two week low of $2.46 and a fifty-two week high of $3.47. The firm’s 50 day moving average is $2.85 and its 200-day moving average is $2.85.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Investcorp Credit Management BDC

Investcorp Credit Management BDC Inc (NASDAQ: ICMB) is a closed-end, non-diversified management investment company that provides investors exposure to private credit markets through direct lending strategies. As a business development company, ICMB focuses on originating, structuring and managing tailored financing solutions for U.S. middle-market corporations. The company’s portfolio includes senior secured loans, second-lien debt, subordinated debt and equity co-investments, with an emphasis on risk-adjusted returns and capital preservation.

The company is externally managed by Investcorp Credit Management US LLC, part of the Investcorp group, a global alternative investment firm founded in 1982.