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

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Investcorp Credit Management BDC Stock Performance

Shares of Investcorp Credit Management BDC stock opened at $2.93 on Friday. Investcorp Credit Management BDC has a 12 month low of $2.46 and a 12 month high of $3.47. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.75. The stock has a market cap of $42.25 million, a PE ratio of -293.00 and a beta of 0.43. The business has a fifty day simple moving average of $2.85 and a 200-day simple moving average of $2.85.

Institutional Trading of Investcorp Credit Management BDC

A number of hedge funds have recently made changes to their positions in the stock. Alpine Global Management LLC purchased a new position in Investcorp Credit Management BDC during the fourth quarter valued at approximately $71,000. Bulldog Investors LLP lifted its position in 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 buying an additional 31,445 shares in the last quarter. Finally, North Ground Capital acquired a new stake in shares of Investcorp Credit Management BDC during the 4th quarter valued at $147,000. 7.76% of the stock is owned by hedge funds and other institutional investors.

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.