M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) Short Interest Up 1,301.9% in March

M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 24,084 shares, a growth of 1,301.9% from the February 26th total of 1,718 shares. Based on an average daily volume of 41,360 shares, the days-to-cover ratio is currently 0.6 days.

M3-Brigade Acquisition V Corp. Warrant Price Performance

Shares of NASDAQ MBAVW traded down $0.06 during trading on Thursday, hitting $0.34. 21,516 shares of the company traded hands, compared to its average volume of 28,234. The business’s fifty day moving average is $0.70 and its 200 day moving average is $0.89. M3-Brigade Acquisition V Corp. Warrant has a fifty-two week low of $0.17 and a fifty-two week high of $3.00.

M3-Brigade Acquisition V Corp. Warrant (NASDAQ: MBAVW) represents a detachable warrant issued by M3-Brigade Acquisition V Corp., a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. The warrants were issued as part of units in the company’s initial public offering in November 2021 and began trading separately on the NASDAQ Global Market under the ticker MBAVW.

Each warrant entitles the holder to purchase one Class A ordinary share of M3-Brigade Acquisition V Corp.