Stellar V Capital Corp. (NASDAQ:SVCC) Stock Short Interest Report for October

Stellar V Capital Corp. (NASDAQ:SVCC) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,766 shares, a drop of 52.6% from the October 15th total of 3,723 shares. Based on an average trading volume of 285,991 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Stellar V Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sona Asset Management US LLC bought a new position in shares of Stellar V Capital during the first quarter worth about $3,375,000. Alberta Investment Management Corp bought a new stake in Stellar V Capital in the 3rd quarter valued at about $5,360,000. Finally, Calamos Advisors LLC bought a new stake in Stellar V Capital in the 3rd quarter valued at about $6,423,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Stellar V Capital from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Stellar V Capital currently has a consensus rating of “Sell”.

Stellar V Capital Price Performance

NASDAQ:SVCC traded down $0.47 during midday trading on Friday, reaching $10.72. 267 shares of the company traded hands, compared to its average volume of 158,040. The firm has a market capitalization of $231.57 million, a price-to-earnings ratio of 53.58 and a beta of 0.03. The company has a fifty day moving average price of $10.73 and a 200 day moving average price of $10.57. Stellar V Capital has a twelve month low of $10.33 and a twelve month high of $11.47.

Stellar V Capital (NASDAQ:SVCC) last issued its earnings results on Tuesday, November 10th. The company reported $0.04 earnings per share for the quarter.

Stellar V Capital Company Profile

Stellar V Capital Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more businesses. Its activities include identifying and evaluating potential acquisition opportunities. As a SPAC, Stellar V Capital does not operate a portfolio of consumer or commercial products and services. Its principal purpose is to complete a merger, acquisition, share exchange, or similar transaction.