Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) Sees Large Increase in Short Interest

Mountain Crest Acquisition Corp. V (NASDAQ:MCAGGet Free Report) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,800 shares, a growth of 125.0% from the January 15th total of 800 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 3.6 days.

Mountain Crest Acquisition Corp. V Price Performance

Shares of NASDAQ MCAG remained flat at $10.67 during midday trading on Monday. The business has a 50-day simple moving average of $10.68 and a 200-day simple moving average of $10.67. Mountain Crest Acquisition Corp. V has a twelve month low of $10.17 and a twelve month high of $11.40.

Institutional Investors Weigh In On Mountain Crest Acquisition Corp. V

Hedge funds and other institutional investors have recently made changes to their positions in the company. PenderFund Capital Management Ltd. acquired a new stake in shares of Mountain Crest Acquisition Corp. V in the 2nd quarter valued at $93,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Mountain Crest Acquisition Corp. V in the 1st quarter valued at $531,000. Gabelli Funds LLC acquired a new stake in shares of Mountain Crest Acquisition Corp. V in the 1st quarter valued at $696,000. Centiva Capital LP acquired a new stake in shares of Mountain Crest Acquisition Corp. V in the 2nd quarter valued at $861,000. Finally, Glazer Capital LLC bought a new position in shares of Mountain Crest Acquisition Corp. V in the 1st quarter worth $906,000. 11.57% of the stock is owned by institutional investors and hedge funds.

About Mountain Crest Acquisition Corp. V

(Get Free Report)

Mountain Crest Acquisition Corp. V does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to pursue target business opportunities in North America and the Asia Pacific region.

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