M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) Short Interest Update

M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 131,764 shares, an increase of 304.4% from the February 12th total of 32,579 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 24,712 shares, the short-interest ratio is presently 5.3 days. Based on an average daily volume of 24,712 shares, the short-interest ratio is presently 5.3 days. Currently, 0.4% of the company’s stock are short sold.

M3-Brigade Acquisition V Stock Performance

Shares of NASDAQ MBAV traded up $0.02 during midday trading on Thursday, hitting $10.73. 5,223 shares of the company’s stock were exchanged, compared to its average volume of 124,737. M3-Brigade Acquisition V has a 12 month low of $10.19 and a 12 month high of $13.73. The company’s 50 day moving average price is $10.67 and its 200 day moving average price is $10.62.

Insider Transactions at M3-Brigade Acquisition V

In other news, major shareholder Fitzgerald & Co. Cantor bought 3,529,081 shares of the stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of $10.80 per share, for a total transaction of $38,114,074.80. Following the acquisition, the insider owned 7,779,865 shares in the company, valued at approximately $84,022,542. This trade represents a 83.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On M3-Brigade Acquisition V

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC acquired a new position in shares of M3-Brigade Acquisition V in the second quarter valued at $1,978,000. Alberta Investment Management Corp acquired a new position in M3-Brigade Acquisition V in the 2nd quarter valued at about $27,943,000. Magnetar Financial LLC acquired a new position in M3-Brigade Acquisition V in the 2nd quarter valued at about $26,254,000. JPMorgan Chase & Co. bought a new position in M3-Brigade Acquisition V in the 2nd quarter valued at about $900,000. Finally, Clear Street LLC raised its holdings in M3-Brigade Acquisition V by 2,280.8% in the 2nd 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 during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of M3-Brigade Acquisition V in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

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.