Fortress Value Acquisition Corp. V (NASDAQ:FVAV – Get Free Report) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 17,454 shares, a decline of 33.2% from the June 30th total of 26,111 shares. Based on an average daily trading volume, of 6,431 shares, the short-interest ratio is currently 2.7 days. Currently, 0.1% of the company’s shares are sold short.
Fortress Value Acquisition Corp. V Stock Performance
FVAV opened at $10.26 on Friday. The stock’s 50-day moving average is $10.15. Fortress Value Acquisition Corp. V has a 52-week low of $10.00 and a 52-week high of $10.35.
About Fortress Value Acquisition Corp. V
Fortress Value Acquisition Corp. V (NASDAQ: FVAV) is a publicly traded special purpose acquisition company (SPAC) sponsored by Fortress Investment Group. As a blank‑check vehicle, the company was formed to raise capital in the public markets and to identify, negotiate and complete one or more business combinations that would result in an operating company becoming publicly listed through a merger, stock purchase, asset acquisition, reorganization or similar transaction.
The firm does not operate a traditional commercial business or sell products; its primary activities are capital raising, target evaluation and transaction execution.
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