Short Interest in Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) Drops By 42.6%

Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 2,700 shares, a decline of 42.6% from the October 31st total of 4,700 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Mountain Crest Acquisition Corp. V Price Performance

NASDAQ:MCAG remained flat at $10.91 during mid-day trading on Thursday. The business has a fifty day moving average price of $11.19 and a two-hundred day moving average price of $10.99. Mountain Crest Acquisition Corp. V has a fifty-two week low of $10.47 and a fifty-two week high of $11.49.

Hedge Funds Weigh In On Mountain Crest Acquisition Corp. V

An institutional investor recently bought a new position in Mountain Crest Acquisition Corp. V stock. Virtu Financial LLC purchased a new stake in Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,102 shares of the company’s stock, valued at approximately $258,000. Virtu Financial LLC owned 0.80% of Mountain Crest Acquisition Corp. V at the end of the most recent quarter. Institutional investors and hedge funds own 78.01% of the company’s stock.

About Mountain Crest Acquisition Corp. V

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.