Warburg Pincus Capital Co. I-B (NYSE:WPCB) Sees Large Decline in Short Interest

Warburg Pincus Capital Co. I-B (NYSE:WPCBGet Rating) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 4,500 shares, a decrease of 71.9% from the March 31st total of 16,000 shares. Based on an average trading volume of 132,300 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Several institutional investors have recently added to or reduced their stakes in the company. Exos Asset Management LLC grew its stake in shares of Warburg Pincus Capital Co. I-B by 3.6% in the first quarter. Exos Asset Management LLC now owns 214,183 shares of the company’s stock valued at $2,103,000 after buying an additional 7,385 shares in the last quarter. Beryl Capital Management LLC acquired a new stake in Warburg Pincus Capital Co. I-B in the fourth quarter valued at approximately $1,952,000. DLD Asset Management LP purchased a new stake in shares of Warburg Pincus Capital Co. I-B during the fourth quarter valued at approximately $1,232,000. JPMorgan Chase & Co. acquired a new position in shares of Warburg Pincus Capital Co. I-B during the fourth quarter worth $966,000. Finally, Credit Suisse AG purchased a new position in shares of Warburg Pincus Capital Co. I-B in the fourth quarter valued at $195,000. 71.39% of the stock is owned by institutional investors.

WPCB opened at $9.83 on Thursday. Warburg Pincus Capital Co. I-B has a 1 year low of $9.63 and a 1 year high of $10.02. The firm has a 50 day moving average price of $9.78 and a 200 day moving average price of $9.78.

About Warburg Pincus Capital Co. I-B (Get Rating)

Warburg Pincus Capital Corporation IÂB focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.

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