Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) Short Interest Update

Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,400 shares, a decline of 25.0% from the September 15th total of 3,200 shares. Based on an average trading volume of 1,900 shares, the short-interest ratio is presently 1.3 days. Approximately 0.2% of the shares of the stock are short sold.

Mountain Crest Acquisition Corp. V Stock Performance

Shares of NASDAQ MCAG remained flat at $11.05 during midday trading on Tuesday. The stock had a trading volume of 2 shares, compared to its average volume of 3,127. The company’s 50 day simple moving average is $11.01 and its two-hundred day simple moving average is $10.87. Mountain Crest Acquisition Corp. V has a 12 month low of $10.47 and a 12 month high of $11.37.

Hedge Funds Weigh In On Mountain Crest Acquisition Corp. V

An institutional investor recently raised its position in Mountain Crest Acquisition Corp. V stock. Clear Street LLC lifted its position in Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) by 14.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,840 shares of the company’s stock after buying an additional 6,560 shares during the period. Clear Street LLC owned about 1.64% of Mountain Crest Acquisition Corp. V worth $568,000 as of its most recent SEC filing. 78.01% of the stock is owned by institutional investors.

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.