Short Interest in Fifth Era Acquisition Corp I (NASDAQ:FERA) Drops By 71.1%

Fifth Era Acquisition Corp I (NASDAQ:FERA) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 926 shares, a decrease of 71.1% from the June 30th total of 3,200 shares. Based on an average daily trading volume, of 69,765 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Fifth Era Acquisition Corp I

Hedge funds and other institutional investors have recently modified their holdings of the stock. Glazer Capital LLC boosted its position in shares of Fifth Era Acquisition Corp I by 31.8% in the fourth quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock valued at $9,312,000 after acquiring an additional 218,282 shares during the period. Radcliffe Capital Management L.P. boosted its holdings in Fifth Era Acquisition Corp I by 22.8% in the 4th quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock valued at $4,161,000 after purchasing an additional 75,201 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Fifth Era Acquisition Corp I during the 4th quarter valued at $4,116,000. Rivernorth Capital Management LLC grew its position in shares of Fifth Era Acquisition Corp I by 34.4% during the 4th quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock valued at $4,115,000 after purchasing an additional 102,372 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Fifth Era Acquisition Corp I in the fourth quarter worth $447,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Fifth Era Acquisition Corp I from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Fifth Era Acquisition Corp I currently has an average rating of “Sell”.

Fifth Era Acquisition Corp I Price Performance

Shares of NASDAQ:FERA traded up $0.01 during trading on Tuesday, hitting $10.45. 44,865 shares of the company were exchanged, compared to its average volume of 83,625. Fifth Era Acquisition Corp I has a 52-week low of $10.13 and a 52-week high of $10.50. The firm’s 50 day moving average is $10.41.

Fifth Era Acquisition Corp I (NASDAQ:FERA) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $2.09 million during the quarter.

Fifth Era Acquisition Corp I Company Profile

Fifth Era Acquisition Corp I (NASDAQ: FERA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check vehicle, the company was formed to raise capital in public markets through an initial public offering and to identify, negotiate and complete a business combination with one or more operating companies. The primary business activity of Fifth Era Acquisition Corp I is to serve as an acquisition vehicle that facilitates the transition of a private company to the public markets through a merger, share exchange, asset acquisition or similar transaction.

Like other SPACs, Fifth Era Acquisition Corp I typically holds the proceeds from its public offering in a trust account pending the completion of a qualifying business combination.