Short Interest in M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) Expands By 32.2%

M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 31,840 shares, an increase of 32.2% from the March 15th total of 24,084 shares. Based on an average trading volume of 53,407 shares, the days-to-cover ratio is currently 0.6 days.

M3-Brigade Acquisition V Corp. Warrant Trading Down 7.7%

M3-Brigade Acquisition V Corp. Warrant stock traded down $0.03 during midday trading on Thursday, reaching $0.35. The stock had a trading volume of 21,184 shares, compared to its average volume of 50,791. M3-Brigade Acquisition V Corp. Warrant has a twelve month low of $0.20 and a twelve month high of $3.00. The firm’s fifty day simple moving average is $0.53 and its two-hundred day simple moving average is $0.80.

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.