Empowerment & Inclusion Capital I Corp. (NYSE:EPWR) sees sharp drop in short-term interest

Empowerment & Inclusion Capital I Corp. (NYSE:EPWR – Get Rating) benefited from a sharp drop in short-term interest rates during the month of April. As of April 30, there was short interest totaling 2,100 shares, down 52.3% from April 15’s total of 4,400 shares. Based on an average trading volume of 51,100 shares, the day-to-cover ratio is currently 0.0 day. Currently, 0.0% of the company’s shares are sold short.

EPWR shares were flat at $9.80 on Friday. 1,122 shares of the stock were traded, against an average volume of 58,463. The company’s 50-day moving average price is $9.81 and its 200-day moving average price is $9.78. Empowerment & Inclusion Capital I has a 1-year minimum of $9.62 and a 1-year maximum of $9.95.

Hedge funds have recently changed their positions in the business. Schonfeld Strategic Advisors LLC acquired a new position in Empowerment & Inclusion Capital I in the fourth quarter, valued at approximately $114,000. GAM Holding AG acquired a new position in Empowerment & Inclusion Capital I in the fourth quarter worth approximately $324,000. Kawa Capital Management Inc acquired a new position in Empowerment & Inclusion Capital I in the fourth quarter worth approximately $534,000. Cantor Fitzgerald Investment Adviser LP acquired a new position in Empowerment & Inclusion Capital I in the fourth quarter, valued at approximately $1,895,000. Finally, Omni Event Management Ltd acquired a new position in Empowerment & Inclusion Capital I in the fourth quarter, valued at approximately $2,117,000. 75.99% of the shares are currently held by hedge funds and other institutional investors.

About Empowerment and Inclusion Capital I (Get a rating)

Empowerment & Inclusion Capital I Corp. has no significant activities. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. The company was incorporated in 1999 and is based in New York, New York.

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