Kensington Capital Acquisition Corp. V (NYSE:KCGI) Short Interest Up 120.0% in March

Kensington Capital Acquisition Corp. V (NYSE:KCGI) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,100 shares, an increase of 120.0% from the February 29th total of 500 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is presently 0.1 days.

Kensington Capital Acquisition Corp. V Stock Up 0.1 %

Shares of NYSE KCGI traded up $0.01 during trading on Thursday, hitting $10.84. The company had a trading volume of 11,362 shares, compared to its average volume of 11,337. The stock has a fifty day simple moving average of $10.79 and a two-hundred day simple moving average of $10.68. Kensington Capital Acquisition Corp. V has a fifty-two week low of $10.40 and a fifty-two week high of $11.05.

Institutional Trading of Kensington Capital Acquisition Corp. V

Several institutional investors have recently modified their holdings of KCGI. Penserra Capital Management LLC purchased a new position in shares of Kensington Capital Acquisition Corp. V in the first quarter worth about $28,000. ADAR1 Capital Management LLC purchased a new position in shares of Kensington Capital Acquisition Corp. V in the fourth quarter worth about $96,000. Royal Bank of Canada purchased a new position in shares of Kensington Capital Acquisition Corp. V in the first quarter worth about $116,000. Shay Capital LLC purchased a new position in shares of Kensington Capital Acquisition Corp. V in the second quarter worth about $129,000. Finally, Virtu Financial LLC lifted its stake in shares of Kensington Capital Acquisition Corp. V by 50.5% in the fourth quarter. Virtu Financial LLC now owns 17,827 shares of the company’s stock worth $182,000 after buying an additional 5,979 shares in the last quarter.

Kensington Capital Acquisition Corp. V Company Profile

Kensington Capital Acquisition Corp. V does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Kensington Capital Acquisition Corp. V was incorporated in 2021 and is based in Westbury, New York.