Fortress Value Acquisition Corp. V (NASDAQ:FVAV) Short Interest Down 79.8% in August

Fortress Value Acquisition Corp. V (NASDAQ:FVAV) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 3,596 shares, a drop of 79.8% from the July 30th total of 17,803 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 15,930 shares, the days-to-cover ratio is currently 0.2 days.

Fortress Value Acquisition Corp. V Stock Down 0.1%

Shares of FVAV stock traded down $0.01 during trading hours on Wednesday, reaching $10.19. The company had a trading volume of 212 shares, compared to its average volume of 31,245. Fortress Value Acquisition Corp. V has a 1-year low of $10.00 and a 1-year high of $10.35. The firm’s 50 day simple moving average is $10.19.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on shares of Fortress Value Acquisition Corp. V in a research note on Tuesday, August 11th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Fortress Value Acquisition Corp. V presently has an average rating of “Sell”.

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.