Kensington Capital Acquisition Corp. V (NYSE:KCGI) Short Interest Up 9.1% in March

Kensington Capital Acquisition Corp. V (NYSE:KCGI) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,200 shares, a growth of 9.1% from the March 15th total of 1,100 shares. Based on an average daily trading volume, of 6,500 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Kensington Capital Acquisition Corp. V Stock Performance

Shares of NYSE:KCGI remained flat at $10.90 on Wednesday. Kensington Capital Acquisition Corp. V has a twelve month low of $10.43 and a twelve month high of $11.05. The stock has a 50-day moving average of $10.82 and a two-hundred day moving average of $10.72.

Hedge Funds Weigh In On Kensington Capital Acquisition Corp. V

A number of institutional investors and hedge funds have recently bought and sold shares of KCGI. Penserra Capital Management LLC bought a new position in shares of Kensington Capital Acquisition Corp. V in the first quarter valued at approximately $28,000. Kohlberg Kravis Roberts & Co. L.P. boosted its stake in Kensington Capital Acquisition Corp. V by 51.1% during the 1st quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 66,086 shares of the company’s stock valued at $656,000 after purchasing an additional 22,355 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Kensington Capital Acquisition Corp. V during the 1st quarter valued at $310,000. Royal Bank of Canada bought a new stake in shares of Kensington Capital Acquisition Corp. V in the 1st quarter worth $116,000. Finally, Bank of America Corp DE raised its stake in shares of Kensington Capital Acquisition Corp. V by 1.6% in the 1st quarter. Bank of America Corp DE now owns 799,100 shares of the company’s stock worth $7,935,000 after buying an additional 12,500 shares in the last quarter.

About Kensington Capital Acquisition Corp. V

Kensington Capital Acquisition Corp. V does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Kensington Capital Acquisition Corp. V was incorporated in 2021 and is based in Westbury, New York.