Fifth Era Acquisition Corp I (NASDAQ:FERA) Sees Significant Decrease in Short Interest

Fifth Era Acquisition Corp I (NASDAQ:FERA) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 657 shares, a decline of 42.3% from the July 30th total of 1,138 shares. Based on an average daily trading volume, of 45,685 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. 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. Radcliffe Capital Management L.P. boosted its holdings in Fifth Era Acquisition Corp I by 22.8% in the fourth quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock worth $4,161,000 after purchasing an additional 75,201 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Fifth Era Acquisition Corp I in the 4th quarter worth approximately $4,116,000. Rivernorth Capital Management LLC lifted its holdings in shares of Fifth Era Acquisition Corp I by 34.4% during the 4th quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock valued at $4,115,000 after buying an additional 102,372 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Fifth Era Acquisition Corp I in the 4th quarter worth $447,000.

Fifth Era Acquisition Corp I Price Performance

Shares of FERA stock opened at $10.49 on Friday. Fifth Era Acquisition Corp I has a one year low of $10.13 and a one year high of $10.54. The company’s 50-day moving average is $10.45 and its 200 day moving average is $10.38.

Fifth Era Acquisition Corp I (NASDAQ:FERA) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $2.12 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fifth Era Acquisition Corp I in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Fifth Era Acquisition Corp I has a consensus rating of “Sell”.

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.