Short Interest in Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) Drops By 25.0%

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

Mountain Crest Acquisition Corp. V Stock Performance

Shares of NASDAQ:MCAG remained flat at $11.05 during midday trading on Tuesday. 2 shares of the stock traded hands, compared to its average volume of 3,127. The stock has a fifty day moving average price of $11.01 and a 200-day moving average price of $10.87. Mountain Crest Acquisition Corp. V has a one year low of $10.47 and a one year high of $11.37.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Mountain Crest Acquisition Corp. V stock. Clear Street LLC grew its holdings in Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) by 14.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,840 shares of the company’s stock after purchasing an additional 6,560 shares during the period. Clear Street LLC owned approximately 1.64% of Mountain Crest Acquisition Corp. V worth $568,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.