M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) Short Interest Down 68.2% in September

Key Points

• M3-Brigade Acquisition V Corp. experienced a significant reduction in short interest, declining by 68.2% to 16,700 shares as of September 30th.
• In the second quarter, several hedge funds initiated or increased their stakes in M3-Brigade Acquisition V, with new stakes valued up to $690,000.
• Weiss Ratings has reaffirmed a "sell" rating on M3-Brigade Acquisition V, indicating a consensus rating of "Sell" among analysts.

M3-Brigade Acquisition V Corp. (NASDAQ:MBAV - Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 16,700 shares, a decrease of 68.2% from the September 15th total of 52,500 shares. Based on an average daily volume of 223,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company's shares are sold short. Approximately 0.1% of the company's shares are sold short. Based on an average daily volume of 223,800 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of M3-Brigade Acquisition V

Hedge funds have recently added to or reduced their stakes in the company. Sandia Investment Management LP acquired a new stake in M3-Brigade Acquisition V in the second quarter valued at approximately $334,000. Clear Street LLC raised its holdings in M3-Brigade Acquisition V by 2,280.8% in the second quarter. Clear Street LLC now owns 32,069 shares of the company's stock valued at $362,000 after acquiring an additional 30,722 shares in the last quarter. Tuttle Capital Management LLC acquired a new stake in M3-Brigade Acquisition V in the second quarter valued at approximately $437,000. Levin Capital Strategies L.P. acquired a new stake in M3-Brigade Acquisition V in the second quarter valued at approximately $538,000. Finally, Bluefin Capital Management LLC acquired a new stake in M3-Brigade Acquisition V in the second quarter valued at approximately $690,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of M3-Brigade Acquisition V in a research report on Tuesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".

M3-Brigade Acquisition V Stock Up 0.1%

Shares of MBAV traded up $0.01 during mid-day trading on Friday, hitting $10.62. 97,092 shares of the company's stock were exchanged, compared to its average volume of 182,978. M3-Brigade Acquisition V has a fifty-two week low of $10.01 and a fifty-two week high of $13.73. The stock's 50-day moving average is $10.55 and its 200-day moving average is $10.80.

M3-Brigade Acquisition V Company Profile

M3-Brigade Acquisition V Corp. is a blank check company. It formed for the purpose of effecting a merger, consolidation, capital stock exchange, share exchange, asset acquisition, share purchase, stock purchase, reorganization or similar business combination with one or more businesses. M3-Brigade Acquisition V Corp.

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