InterPrivate Investment Partners V, Inc. (NASDAQ:IPVV – Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,289 shares, a drop of 76.7% from the September 15th total of 9,813 shares. Based on an average daily trading volume, of 34,054 shares, the short-interest ratio is presently 0.1 days.
InterPrivate Investment Partners V Stock Performance
Shares of IPVV traded up $0.01 during trading hours on Tuesday, hitting $9.87. 3,506 shares of the company were exchanged, compared to its average volume of 32,440. The company’s 50 day simple moving average is $9.84. InterPrivate Investment Partners V has a 52 week low of $9.77 and a 52 week high of $9.90.
About InterPrivate Investment Partners V
InterPrivate Investment Partners V (NASDAQ: IPVV) was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than selling products or services of its own, the company was established to raise capital through a public offering and use those funds, along with other financing, for a merger, acquisition or similar transaction.
The company’s search strategy included potential targets in sectors such as technology, media, telecommunications, financial services and related industries.
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