Short Interest in Fifth Era Acquisition Corp I (NASDAQ:FERA) Drops By 73.4%

Fifth Era Acquisition Corp I (NASDAQ:FERA) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 177 shares, a drop of 73.4% from the April 30th total of 666 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 23,613 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Fifth Era Acquisition Corp I from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Fifth Era Acquisition Corp I

Several large investors have recently modified their holdings of the stock. PenderFund Capital Management Ltd. purchased a new position in shares of Fifth Era Acquisition Corp I in the 4th quarter worth about $104,000. Virtu Financial LLC bought a new stake in Fifth Era Acquisition Corp I in the 4th quarter worth about $447,000. Radcliffe Capital Management L.P. increased its holdings in Fifth Era Acquisition Corp I by 22.8% in the 4th quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock worth $4,161,000 after buying an additional 75,201 shares in the last quarter. Rivernorth Capital Management LLC increased its holdings in Fifth Era Acquisition Corp I by 34.4% in the 4th quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock worth $4,115,000 after buying an additional 102,372 shares in the last quarter. Finally, Glazer Capital LLC increased its holdings in Fifth Era Acquisition Corp I by 31.8% in the 4th quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock worth $9,312,000 after buying an additional 218,282 shares in the last quarter.

Fifth Era Acquisition Corp I Price Performance

Fifth Era Acquisition Corp I stock remained flat at $10.38 on Friday. The company’s stock had a trading volume of 257 shares, compared to its average volume of 75,875. The business has a 50-day moving average of $10.34. Fifth Era Acquisition Corp I has a fifty-two week low of $10.06 and a fifty-two week high of $10.50.

Fifth Era Acquisition Corp I (NASDAQ:FERA) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $2.09 million during the quarter.

About Fifth Era Acquisition Corp I

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.