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

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bulldog Investors LLP lifted its position in Investcorp Credit Management BDC by 6.0% in the fourth 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 period. North Ground Capital bought a new stake in shares of Investcorp Credit Management BDC in the 4th quarter worth $147,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Investcorp Credit Management BDC in the fourth quarter valued at $71,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Investcorp Credit Management BDC Stock Performance

Shares of NASDAQ:ICMB opened at $2.93 on Friday. 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 company’s 50-day moving average price is $2.85 and its 200 day moving average price is $2.85. The company has a market cap of $42.25 million, a PE ratio of -293.00 and a beta of 0.43. Investcorp Credit Management BDC has a fifty-two week low of $2.46 and a fifty-two week high of $3.47.

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.