Fifth Era Acquisition Corp I (NASDAQ:FERA) Stock Short Interest Jumps 82.6%

Key Points

• Short interest surged 82.6% to 995 shares as of September 15, up from 545 shares at the end of August. Despite the increase, short interest represented 0.0% of shares outstanding, with a days-to-cover ratio of 0.0.
• Radcliffe Capital Management increased its FERA position by 22.8% to 404,403 shares, representing approximately 1.71% of the company and a value of $4.16 million.
• FERA shares rose 0.1% to $10.54, near their 52-week high, while the sole analyst rating remains “Sell.”

Fifth Era Acquisition Corp I (NASDAQ:FERA - Get Free Report) was the target of a large growth in short interest during 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. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 38,336 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Fifth Era Acquisition Corp I

A hedge fund recently raised its stake in Fifth Era Acquisition Corp I stock. Radcliffe Capital Management L.P. increased its position in Fifth Era Acquisition Corp I (NASDAQ:FERA - Free Report) by 22.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 404,403 shares of the company's stock after buying an additional 75,201 shares during the period. Radcliffe Capital Management L.P. owned about 1.71% of Fifth Era Acquisition Corp I worth $4,161,000 at the end of the most recent quarter.

Fifth Era Acquisition Corp I Trading Up 0.1%

Shares of NASDAQ:FERA traded up $0.01 during mid-day trading on Tuesday, reaching $10.54. 350 shares of the company traded hands, compared to its average volume of 74,158. The company's 50 day moving average price is $10.49 and its 200-day moving average price is $10.41. Fifth Era Acquisition Corp I has a 52 week low of $10.16 and a 52 week high of $10.54.

Fifth Era Acquisition Corp I (NASDAQ:FERA - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.04 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Fifth Era Acquisition Corp I in a research note 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 presently has a consensus rating of "Sell".

About Fifth Era Acquisition Corp I

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.

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