M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) Sees Large Drop in Short Interest

M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 60,397 shares, a decline of 60.3% from the December 31st total of 152,225 shares. Based on an average daily trading volume, of 381,391 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 381,391 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of M3-Brigade Acquisition V in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, M3-Brigade Acquisition V currently has an average rating of “Sell”.

Insider Buying and Selling

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

Institutional Trading of M3-Brigade Acquisition V

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Prelude Capital Management LLC purchased a new position in shares of M3-Brigade Acquisition V during the 3rd quarter worth $281,000. Sandia Investment Management LP purchased a new position in M3-Brigade Acquisition V during the second quarter worth about $334,000. Clear Street LLC increased its holdings in shares of M3-Brigade Acquisition V by 2,280.8% during the 2nd quarter. Clear Street LLC now owns 32,069 shares of the company’s stock worth $362,000 after buying an additional 30,722 shares during the last quarter. Tuttle Capital Management LLC acquired a new stake in shares of M3-Brigade Acquisition V during the 2nd quarter worth approximately $437,000. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of M3-Brigade Acquisition V during the 2nd quarter valued at approximately $538,000.

M3-Brigade Acquisition V Trading Up 0.5%

Shares of M3-Brigade Acquisition V stock traded up $0.05 on Thursday, hitting $10.72. 5,560 shares of the company were exchanged, compared to its average volume of 239,261. The company has a 50-day moving average price of $10.66 and a 200 day moving average price of $10.61. M3-Brigade Acquisition V has a 1-year low of $10.10 and a 1-year high of $13.73.

M3-Brigade Acquisition V Company Profile

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.