Short Interest in Fifth Era Acquisition Corp I (NASDAQ:FERA) Expands By 2,140.2%

Fifth Era Acquisition Corp I (NASDAQ:FERA) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 3,786 shares, an increase of 2,140.2% from the May 31st total of 169 shares. Based on an average daily volume of 9,269 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Fifth Era Acquisition Corp I Stock Performance

Shares of Fifth Era Acquisition Corp I stock traded down $0.01 during trading on Thursday, reaching $10.42. The company’s stock had a trading volume of 900,784 shares, compared to its average volume of 49,480. Fifth Era Acquisition Corp I has a 52-week low of $10.13 and a 52-week high of $10.50. The firm has a 50-day simple moving average of $10.38.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FERA. PenderFund Capital Management Ltd. bought a new stake in shares of Fifth Era Acquisition Corp I in the 4th quarter valued at about $104,000. Virtu Financial LLC bought a new position in Fifth Era Acquisition Corp I during the 4th quarter worth approximately $447,000. Radcliffe Capital Management L.P. grew its position in Fifth Era Acquisition Corp I by 22.8% during the 4th quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock worth $4,161,000 after acquiring an additional 75,201 shares during the last quarter. Rivernorth Capital Management LLC increased its stake 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 purchasing an additional 102,372 shares during the period. Finally, Glazer Capital LLC increased its stake 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 purchasing an additional 218,282 shares during the period.

Fifth Era Acquisition Corp I Company Profile

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.