Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Up 126.5% in February

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the target of a significant growth in short interest in 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. Approximately 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. Based on an average trading volume of 58,352 shares, the short-interest ratio is currently 2.7 days. Approximately 1.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Investcorp Credit Management BDC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICMB. Alpine Global Management LLC purchased a new position in Investcorp Credit Management BDC during the 4th quarter worth approximately $71,000. North Ground Capital acquired a new stake in shares of Investcorp Credit Management BDC in the fourth quarter worth $147,000. Finally, Bulldog Investors LLP grew its holdings in shares of Investcorp Credit Management BDC by 45.8% during the third quarter. Bulldog Investors LLP now owns 522,752 shares of the company’s stock valued at $1,453,000 after buying an additional 164,281 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Investcorp Credit Management BDC presently has an average rating of “Sell”.

Investcorp Credit Management BDC Trading Down 1.0%

Shares of NASDAQ:ICMB traded down $0.03 during midday trading on Friday, reaching $2.90. The company had a trading volume of 13,624 shares, compared to its average volume of 43,636. The company has a fifty day simple moving average of $2.85 and a two-hundred day simple moving average of $2.85. The firm has a market cap of $41.82 million, a price-to-earnings ratio of -290.00 and a beta of 0.43. Investcorp Credit Management BDC has a 1-year low of $2.46 and a 1-year high of $3.47. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.47 and a current ratio of 1.47.

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.