Short Interest in Kensington Capital Acquisition Corp. V (NYSE:KCGI) Drops By 66.7%

Kensington Capital Acquisition Corp. V (NYSE:KCGI) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 400 shares, a decrease of 66.7% from the March 31st total of 1,200 shares. Based on an average trading volume of 7,000 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Kensington Capital Acquisition Corp. V Price Performance

Shares of NYSE:KCGI remained flat at $10.91 on Thursday. Kensington Capital Acquisition Corp. V has a fifty-two week low of $10.46 and a fifty-two week high of $11.05. The firm has a 50-day simple moving average of $10.84 and a 200 day simple moving average of $10.73.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Robinson Capital Management LLC purchased a new position in shares of Kensington Capital Acquisition Corp. V in the third quarter valued at $556,000. Meteora Capital LLC raised its position in Kensington Capital Acquisition Corp. V by 27.8% during the third quarter. Meteora Capital LLC now owns 75,000 shares of the company’s stock worth $793,000 after acquiring an additional 16,328 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Kensington Capital Acquisition Corp. V in the fourth quarter valued at about $1,096,000. Finally, Kim LLC acquired a new stake in shares of Kensington Capital Acquisition Corp. V in the fourth quarter valued at approximately $2,037,000.

About Kensington Capital Acquisition Corp. V

Kensington Capital Acquisition Corp. V does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Kensington Capital Acquisition Corp. V was incorporated in 2021 and is based in Westbury, New York.