Fifth Era Acquisition Corp I (NASDAQ:FERA) Sees Large Growth in Short Interest

Fifth Era Acquisition Corp I (NASDAQ:FERA) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 995 shares, a growth of 82.6% from the August 31st total of 545 shares. Based on an average daily volume of 38,336 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Fifth Era Acquisition Corp I Stock Down 0.1%

NASDAQ FERA traded down $0.01 on Thursday, hitting $10.54. 1,227 shares of the company were exchanged, compared to its average volume of 73,199. Fifth Era Acquisition Corp I has a 12 month low of $10.16 and a 12 month high of $10.55. The stock has a fifty day moving average of $10.49 and a 200-day moving average of $10.42.

Fifth Era Acquisition Corp I (NASDAQ:FERA) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Fifth Era Acquisition Corp I in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Fifth Era Acquisition Corp I currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Fifth Era Acquisition Corp I stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Fifth Era Acquisition Corp I (NASDAQ:FERA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $4,116,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 1.69% of Fifth Era Acquisition Corp I as of its most recent filing with the Securities and Exchange Commission (SEC).

Fifth Era Acquisition Corp I Company Profile

Fifth Era Acquisition Corp. I (NASDAQ: FERA) is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more private businesses. Potential transactions may include a merger, acquisition, stock purchase, recapitalization, reorganization, or similar combination.

As a SPAC, the company does not operate a conventional product or service business. Its activities primarily involve raising capital through a public offering, evaluating prospective acquisition targets, and seeking shareholder approval for a proposed transaction.

Publicly available information about Fifth Era Acquisition Corp.