MBVIU (NASDAQ:MBVIU) Shares Shorted: Short Interest Down 37.5% in October

MBVIU (NASDAQ:MBVIU) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 5 shares, a decrease of 37.5% from the September 30th total of 8 shares. Based on an average daily volume of 18,482 shares, the days-to-cover ratio is currently 0.0 days.

MBVIU Stock Up 1.5%

Shares of NASDAQ MBVIU traded up $0.15 during trading hours on Tuesday, reaching $10.42. MBVIU has a 12-month low of $10.10 and a 12-month high of $10.50. The firm’s 50-day simple moving average is $10.32 and its 200 day simple moving average is $10.25.

MBVIU Company Profile

M3-Brigade Acquisition VI Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker MBVIU. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, reorganization or similar transaction, with one or more operating businesses.

As a blank-check company, M3-Brigade Acquisition VI Corp. does not currently operate a commercial business or offer products and services of its own. Its activities are primarily focused on evaluating potential acquisition opportunities and completing an initial business combination.

The company was established with the sponsorship of affiliates associated with M3 Partners and Brigade Capital Management.