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

M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) was the recipient of a large growth in short interest during 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. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 948,174 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 948,174 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.2% of the shares of the stock are sold short.

Insider Buying and Selling at M3-Brigade Acquisition V

In other M3-Brigade Acquisition V news, major shareholder Fitzgerald & Co. Cantor purchased 3,529,081 shares of M3-Brigade Acquisition V stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of $10.80 per share, for a total transaction of $38,114,074.80. Following the completion of the transaction, the insider owned 7,779,865 shares of the company’s stock, valued at approximately $84,022,542. This trade represents a 83.02% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On M3-Brigade Acquisition V

Institutional investors have recently made changes to their positions in the company. Whitebox Advisors LLC raised its position in M3-Brigade Acquisition V by 18.2% in the 3rd quarter. Whitebox Advisors LLC now owns 130,000 shares of the company’s stock worth $1,372,000 after purchasing an additional 20,000 shares during the period. Prelude Capital Management LLC bought a new position in shares of M3-Brigade Acquisition V during the third quarter valued at approximately $281,000. Sandia Investment Management LP purchased a new stake in shares of M3-Brigade Acquisition V in the second quarter worth approximately $334,000. Clear Street LLC lifted its stake 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 acquiring an additional 30,722 shares during the last quarter. Finally, Tuttle Capital Management LLC purchased a new position in M3-Brigade Acquisition V during the 2nd quarter valued at $437,000.

M3-Brigade Acquisition V Stock Performance

NASDAQ:MBAV remained flat at $10.69 during midday trading on Thursday. The company had a trading volume of 24,476 shares, compared to its average volume of 777,630. The firm has a 50-day moving average price of $10.62 and a two-hundred day moving average price of $10.82. M3-Brigade Acquisition V has a one year low of $10.06 and a one year high of $13.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, According to MarketBeat, M3-Brigade Acquisition V has an average rating of “Sell”.

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.