Kensington Capital Acquisition Corp. V (NYSE:KCGI) Short Interest Up 350.0% in July

Kensington Capital Acquisition Corp. V (NYSE:KCGI) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 900 shares, a growth of 350.0% from the June 30th total of 200 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 27,700 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Kensington Capital Acquisition Corp. V

Several institutional investors have recently added to or reduced their stakes in KCGI. Robinson Capital Management LLC grew its holdings in Kensington Capital Acquisition Corp. V by 29.3% during the fourth quarter. Robinson Capital Management LLC now owns 67,608 shares of the company’s stock valued at $723,000 after purchasing an additional 15,308 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Kensington Capital Acquisition Corp. V during the 4th quarter worth $1,096,000. Karpus Management Inc. purchased a new stake in Kensington Capital Acquisition Corp. V in the 1st quarter worth about $421,000. Kim LLC bought a new stake in Kensington Capital Acquisition Corp. V in the 4th quarter valued at about $2,037,000. Finally, Berkley W R Corp lifted its holdings in Kensington Capital Acquisition Corp. V by 64.1% during the first quarter. Berkley W R Corp now owns 350,773 shares of the company’s stock valued at $3,802,000 after purchasing an additional 137,055 shares during the last quarter.

Kensington Capital Acquisition Corp. V Price Performance

Shares of Kensington Capital Acquisition Corp. V stock remained flat at $11.13 during mid-day trading on Friday. 2,681 shares of the company’s stock traded hands, compared to its average volume of 26,166. Kensington Capital Acquisition Corp. V has a 1 year low of $10.47 and a 1 year high of $11.14. The firm’s 50 day moving average is $11.08 and its 200-day moving average is $10.92.

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.