There was a sizeable reduction in the number of short positions held in Empowerment & Inclusion Capital I Corp. during November (NYSE: EPWR). There were 2,700 shares available for a short sale as of the 30th of November. This represents a decrease of 12.9% from the 3,100 shares that were available for a short sale the day before. Short sales account for approximately 0.00% of the total number of shares issued by the company. The current short-interest ratio is 0.0 days, which can be deduced from the fact that an average daily volume of 157,900 shares is traded. This information was used to determine the value of the ratio.
Several hedge funds and other institutional investors have adjusted how they invest in the company over the past few months. The amount of Empowerment and Inclusion Capital I in which Hudson Bay Capital Management L.P. had invested increased by 8.1% over the second quarter. Hudson Bay Capital Management L.P. now holds 1,339,850 shares, with a total value of $13,184,000. This is after the firm made an additional purchase of 100,000 shares during the most recent quarter. Goldman Sachs Group Inc. increased the proportion of Empowerment & Inclusion Capital I in which it was invested by 0.6% over the second quarter. Goldman Sachs Group Inc. now holds 1,015,426 shares of the company’s stock following the acquisition of an additional 6,214 shares during the most recent period. The value of Goldman Sachs Group Inc.’s current stock is $9,992,000. First Trust Capital Management L.P. increased the proportion of Empowerment & Inclusion Capital I, which it held by 62.1% over the third quarter. First Trust Capital Management L.P. now has a total of 973,918 shares of the company’s stock, collectively worth $9,622,000, after purchasing an additional 373,225 shares during the period. This brings the total value of the firm’s stock holdings to $9,622,000. Bank of America Corporation (D.E.) saw a 78.1% increase in the proportion of its holdings allocated to Empowerment and Inclusion Capital I during the first three months of 2018. Bank of America Corp. (D.E.) now has 261,126 shares of the company’s stock, which are currently valued at $2,562,000 after purchasing an additional 114,500 shares during the period in question. This brings the total number of shares owned by the company to 261,126.
Last but not least, during the second quarter, Dark Forest Capital Management L.P. increased its holdings in Empowerment & Inclusion Capital I by 1.4%. This certainly should not be considered the least important development. Since the end of the previous reporting period, there has been a 1,768-share increase in the total number of shares held by Dark Forest Capital Management L.P., bringing the total number of shares held by the company to 125,351, with a value of $1,230,000. The majority of the stock in the company is held by institutional investors, which accounts for 78.15% of the total.
On Friday morning, the opening price of a share of NYSE: EPWR stock was $10.09 per share. The company has seen a moving average of $10.00 over the past 50 days, which has decreased to $9.91 over the last 200 days. Over the previous twelve months, the price of Empowerment & Inclusion Capital I ranged from its all-time low of $9.69 to its all-time high of $10.09.
There are not an excessively large number of people employed at Empowerment & Inclusion Capital I Corp. It is planning to combine its operations with those of one or more additional companies through the use of a business combination strategy such as the purchase of assets, the acquisition of stock, the exchange of capital stock, or reorganization. The company started doing business in 1999 and now has its headquarters in New York City. The year 1999 was the beginning of the company’s operation.