M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) Sees Large Drop in Short Interest

M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,481 shares, a decline of 22.1% from the January 15th total of 1,900 shares. Based on an average daily trading volume, of 4,011 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 4,011 shares, the days-to-cover ratio is currently 0.4 days.

M3-Brigade Acquisition V Corp. Warrant Trading Down 5.4%

Shares of MBAVW stock traded down $0.04 during trading hours on Monday, hitting $0.67. 24,302 shares of the company were exchanged, compared to its average volume of 26,990. The firm has a fifty day moving average of $0.84 and a 200 day moving average of $1.04. M3-Brigade Acquisition V Corp. Warrant has a 1 year low of $0.17 and a 1 year high of $3.00.

M3-Brigade Acquisition V Corp. Warrant (NASDAQ: MBAVW) represents a detachable warrant issued by M3-Brigade Acquisition V Corp., a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. The warrants were issued as part of units in the company’s initial public offering in November 2021 and began trading separately on the NASDAQ Global Market under the ticker MBAVW.

Each warrant entitles the holder to purchase one Class A ordinary share of M3-Brigade Acquisition V Corp.