M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) Short Interest Up 292.9% in February

M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 5,819 shares, an increase of 292.9% from the January 29th total of 1,481 shares. Based on an average daily trading volume, of 44,330 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 44,330 shares, the days-to-cover ratio is presently 0.1 days.

M3-Brigade Acquisition V Corp. Warrant Price Performance

MBAVW traded down $0.04 during midday trading on Friday, hitting $0.65. 30,529 shares of the company’s stock traded hands, compared to its average volume of 22,890. The stock’s fifty day simple moving average is $0.83 and its 200-day simple moving average is $1.00. M3-Brigade Acquisition V Corp. Warrant has a one year low of $0.17 and a one year 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.