M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) Sees Large Decrease in Short Interest

M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 60,397 shares, a drop of 60.3% from the December 31st total of 152,225 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 381,391 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 381,391 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

M3-Brigade Acquisition V Stock Performance

Shares of MBAV stock traded down $0.07 during trading on Friday, reaching $10.65. The company’s stock had a trading volume of 11,124 shares, compared to its average volume of 227,342. M3-Brigade Acquisition V has a one year low of $10.10 and a one year high of $13.73. The business has a fifty day moving average price of $10.67 and a 200-day moving average price of $10.61.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of M3-Brigade Acquisition V in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, M3-Brigade Acquisition V currently has an average rating of “Sell”.

Insiders Place Their Bets

In other M3-Brigade Acquisition V news, major shareholder Fitzgerald & Co. Cantor bought 3,529,081 shares of M3-Brigade Acquisition V stock in a transaction on Wednesday, December 17th. The shares were purchased at an average cost of $10.80 per share, for a total transaction of $38,114,074.80. Following the completion of the acquisition, the insider owned 7,779,865 shares in the company, valued at approximately $84,022,542. The trade was a 83.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On M3-Brigade Acquisition V

Several hedge funds have recently modified their holdings of the stock. Harraden Circle Investments LLC acquired a new position in M3-Brigade Acquisition V during the second quarter valued at approximately $28,818,000. Alberta Investment Management Corp acquired a new stake in shares of M3-Brigade Acquisition V in the 2nd quarter valued at approximately $27,943,000. Magnetar Financial LLC bought a new position in shares of M3-Brigade Acquisition V in the second quarter valued at $26,254,000. MMCAP International Inc. SPC acquired a new position in M3-Brigade Acquisition V during the second quarter worth $16,935,000. Finally, Pantera Capital Partners LP acquired a new position in M3-Brigade Acquisition V during the third quarter worth $15,825,000.

About M3-Brigade Acquisition V

M3-Brigade Acquisition V is a special purpose acquisition company (SPAC) sponsored by M3 Inc, a global healthcare information and technology provider, and Brigade Capital Management, an investment management firm. The company is structured as a blank‐check vehicle listed on the Nasdaq Stock Market under the ticker MBAV, with the objective of identifying and completing a business combination in the healthcare, life sciences or related sectors.

The company benefits from the operational expertise of M3’s digital health platform and real‐world data capabilities, combined with Brigade’s deep experience in credit and asset management.