M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) Short Interest Up 841.4% in December

by · The Markets Daily

M3-Brigade Acquisition V Corp. (NASDAQ:MBAVGet Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 444,946 shares, a growth of 841.4% from the November 30th total of 47,264 shares. Based on an average trading volume of 948,174 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.2% of the shares of the company are short sold. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 948,174 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of M3-Brigade Acquisition V in a report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on MBAV

Insider Buying and Selling

In other news, major shareholder Fitzgerald & Co. Cantor acquired 3,529,081 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $10.80 per share, with a total value of $38,114,074.80. Following the purchase, the insider directly owned 7,779,865 shares of the company’s stock, valued at $84,022,542. This trade represents a 83.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of M3-Brigade Acquisition V

A number of institutional investors have recently made changes to their positions in MBAV. Tuttle Capital Management LLC purchased a new stake in shares of M3-Brigade Acquisition V during the second quarter worth approximately $437,000. Levin Capital Strategies L.P. purchased a new position in M3-Brigade Acquisition V in the 2nd quarter valued at $538,000. Wealthspring Capital LLC purchased a new position in M3-Brigade Acquisition V in the 2nd quarter valued at $2,715,000. MMCAP International Inc. SPC acquired a new stake in M3-Brigade Acquisition V during the 2nd quarter worth $16,935,000. Finally, Geode Capital Management LLC purchased a new stake in shares of M3-Brigade Acquisition V during the second quarter worth $1,978,000.

M3-Brigade Acquisition V Price Performance

Shares of MBAV remained flat at $10.69 during mid-day trading on Wednesday. 24,476 shares of the company traded hands, compared to its average volume of 777,630. M3-Brigade Acquisition V has a 52-week low of $10.06 and a 52-week high of $13.73. The firm’s fifty day simple moving average is $10.62 and its 200 day simple moving average is $10.82.

M3-Brigade Acquisition V Company Profile

(Get Free Report)

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.

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