Short Interest in Fortress Value Acquisition Corp. V (NASDAQ:FVAV) Drops By 33.2%

Fortress Value Acquisition Corp. V (NASDAQ:FVAV) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 17,454 shares, a decrease of 33.2% from the June 30th total of 26,111 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 6,431 shares, the days-to-cover ratio is presently 2.7 days.

Fortress Value Acquisition Corp. V Trading Up 1.8%

NASDAQ FVAV opened at $10.34 on Friday. The stock’s 50-day simple moving average is $10.14. Fortress Value Acquisition Corp. V has a twelve month low of $10.00 and a twelve month high of $10.35.

Fortress Value Acquisition Corp. V Company Profile

Fortress Value Acquisition Corp. V (NASDAQ: FVAV) is a publicly traded special purpose acquisition company (SPAC) sponsored by Fortress Investment Group. As a blank‑check vehicle, the company was formed to raise capital in the public markets and to identify, negotiate and complete one or more business combinations that would result in an operating company becoming publicly listed through a merger, stock purchase, asset acquisition, reorganization or similar transaction.

The firm does not operate a traditional commercial business or sell products; its primary activities are capital raising, target evaluation and transaction execution.