Short Interest in Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) Rises By 700.0%

Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 3,200 shares, an increase of 700.0% from the August 31st total of 400 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.3% of the company’s shares are sold short.

Mountain Crest Acquisition Corp. V Price Performance

MCAG stock remained flat at $11.18 during mid-day trading on Wednesday. 66 shares of the company’s stock traded hands, compared to its average volume of 5,441. Mountain Crest Acquisition Corp. V has a one year low of $10.47 and a one year high of $11.37. The firm’s 50-day simple moving average is $10.92 and its two-hundred day simple moving average is $10.83.

Hedge Funds Weigh In On Mountain Crest Acquisition Corp. V

A hedge fund recently raised its stake in Mountain Crest Acquisition Corp. V stock. Clear Street LLC raised its position in Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,840 shares of the company’s stock after purchasing an additional 6,560 shares during the quarter. Clear Street LLC owned 1.64% of Mountain Crest Acquisition Corp. V worth $568,000 as of its most recent SEC filing. Institutional investors and hedge funds own 78.01% of the company’s stock.

Mountain Crest Acquisition Corp. V Company Profile

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.