Short Interest in Fifth Era Acquisition Corp I (NASDAQ:FERA) Rises By 2,140.2%

Fifth Era Acquisition Corp I (NASDAQ:FERA) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 3,786 shares, a growth of 2,140.2% from the May 31st total of 169 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,269 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Fifth Era Acquisition Corp I from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Fifth Era Acquisition Corp I

Several large investors have recently made changes to their positions in FERA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Fifth Era Acquisition Corp I in the 4th quarter worth approximately $4,116,000. Glazer Capital LLC boosted its holdings in Fifth Era Acquisition Corp I by 31.8% during the fourth quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock worth $9,312,000 after buying an additional 218,282 shares in the last quarter. Rivernorth Capital Management LLC grew its position in Fifth Era Acquisition Corp I by 34.4% in the fourth quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock worth $4,115,000 after buying an additional 102,372 shares during the last quarter. Radcliffe Capital Management L.P. grew its position in Fifth Era Acquisition Corp I by 22.8% in the fourth quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock worth $4,161,000 after buying an additional 75,201 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Fifth Era Acquisition Corp I in the fourth quarter valued at $447,000.

Fifth Era Acquisition Corp I Stock Performance

Shares of FERA traded up $0.01 during midday trading on Friday, reaching $10.44. The stock had a trading volume of 900,784 shares, compared to its average volume of 94,485. Fifth Era Acquisition Corp I has a 52 week low of $10.13 and a 52 week high of $10.50. The firm has a 50 day moving average of $10.38.

Fifth Era Acquisition Corp I (NASDAQ:FERA) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $2.09 million during the quarter.

Fifth Era Acquisition Corp I Company Profile

Fifth Era Acquisition Corp I (NASDAQ: FERA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check vehicle, the company was formed to raise capital in public markets through an initial public offering and to identify, negotiate and complete a business combination with one or more operating companies. The primary business activity of Fifth Era Acquisition Corp I is to serve as an acquisition vehicle that facilitates the transition of a private company to the public markets through a merger, share exchange, asset acquisition or similar transaction.

Like other SPACs, Fifth Era Acquisition Corp I typically holds the proceeds from its public offering in a trust account pending the completion of a qualifying business combination.