M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) Short Interest Up 32.2% in March
by Jessica Moore · The Cerbat GemM3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 31,840 shares, a growth of 32.2% from the March 15th total of 24,084 shares. Based on an average trading volume of 53,407 shares, the short-interest ratio is presently 0.6 days.
M3-Brigade Acquisition V Corp. Warrant Trading Up 7.8%
Shares of MBAVW traded up $0.03 during midday trading on Wednesday, hitting $0.38. 28,098 shares of the company traded hands, compared to its average volume of 51,341. The stock has a 50-day moving average of $0.54 and a 200-day moving average of $0.80. M3-Brigade Acquisition V Corp. Warrant has a one year low of $0.17 and a one year high of $3.00.
M3-Brigade Acquisition V Corp. Warrant (NASDAQ: MBAVW) represents a detachable warrant issued by M3-Brigade Acquisition V Corp., a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. The warrants were issued as part of units in the company’s initial public offering in November 2021 and began trading separately on the NASDAQ Global Market under the ticker MBAVW.
Each warrant entitles the holder to purchase one Class A ordinary share of M3-Brigade Acquisition V Corp.