Fifth Era Acquisition Corp I (NASDAQ:FERA) Short Interest Update

Fifth Era Acquisition Corp I (NASDAQ:FERA) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 657 shares, a drop of 42.3% from the July 30th total of 1,138 shares. Based on an average trading volume of 45,685 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Fifth Era Acquisition Corp I Stock Up 0.1%

Shares of Fifth Era Acquisition Corp I stock traded up $0.01 on Monday, hitting $10.50. 20,209 shares of the company’s stock traded hands, compared to its average volume of 76,505. The company has a fifty day moving average of $10.45 and a two-hundred day moving average of $10.38. Fifth Era Acquisition Corp I has a one year low of $10.13 and a one year high of $10.54.

Fifth Era Acquisition Corp I (NASDAQ:FERA) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $2.12 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Fifth Era Acquisition Corp I in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Fifth Era Acquisition Corp I currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Fifth Era Acquisition Corp I

Several institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Fifth Era Acquisition Corp I in the 4th quarter valued at about $4,116,000. Glazer Capital LLC boosted its holdings in Fifth Era Acquisition Corp I by 31.8% in the fourth quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock worth $9,312,000 after acquiring an additional 218,282 shares in the last quarter. Radcliffe Capital Management L.P. grew its stake in Fifth Era Acquisition Corp I by 22.8% in the fourth quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock valued at $4,161,000 after acquiring an additional 75,201 shares during the period. PenderFund Capital Management Ltd. acquired a new stake in Fifth Era Acquisition Corp I in the fourth quarter valued at approximately $104,000. Finally, Rivernorth Capital Management LLC increased its holdings in shares of Fifth Era Acquisition Corp I by 34.4% during the fourth quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock valued at $4,115,000 after acquiring an additional 102,372 shares in the last quarter.

Fifth Era Acquisition Corp I Company Profile

Fifth Era Acquisition Corp I (NASDAQ: FERA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check vehicle, the company was formed to raise capital in public markets through an initial public offering and to identify, negotiate and complete a business combination with one or more operating companies. The primary business activity of Fifth Era Acquisition Corp I is to serve as an acquisition vehicle that facilitates the transition of a private company to the public markets through a merger, share exchange, asset acquisition or similar transaction.

Like other SPACs, Fifth Era Acquisition Corp I typically holds the proceeds from its public offering in a trust account pending the completion of a qualifying business combination.