M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) Short Interest Down 65.8% in December

M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 152,225 shares, a drop of 65.8% from the December 15th total of 444,946 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 520,849 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 520,849 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of M3-Brigade Acquisition V in a research note on Monday, December 22nd. One 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”.

M3-Brigade Acquisition V Stock Performance

NASDAQ MBAV traded down $0.02 during mid-day trading on Wednesday, hitting $10.62. The company’s stock had a trading volume of 36,092 shares, compared to its average volume of 424,244. The company’s 50 day simple moving average is $10.64 and its 200 day simple moving average is $10.66. M3-Brigade Acquisition V has a twelve month low of $10.08 and a twelve month high of $13.73.

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 the stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $10.80 per share, with a total value of $38,114,074.80. Following the acquisition, the insider owned 7,779,865 shares of the company’s stock, 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.

Hedge Funds Weigh In On M3-Brigade Acquisition V

Large investors have recently added to or reduced their stakes in the business. Alberta Investment Management Corp purchased a new stake in M3-Brigade Acquisition V in the 2nd quarter valued at $27,943,000. Harraden Circle Investments LLC bought a new stake in shares of M3-Brigade Acquisition V in the 2nd quarter worth $28,818,000. Meteora Capital LLC raised its holdings in shares of M3-Brigade Acquisition V by 259.8% in the second quarter. Meteora Capital LLC now owns 633,383 shares of the company’s stock valued at $7,151,000 after purchasing an additional 457,332 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of M3-Brigade Acquisition V during the second quarter valued at about $26,254,000. Finally, Tuttle Capital Management LLC purchased a new position in M3-Brigade Acquisition V during the second quarter worth about $437,000.

About M3-Brigade Acquisition V

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.