Fifth Era Acquisition Corp I (NASDAQ:FERA) Sees Significant Decline in Short Interest
by Scott Moore · The Cerbat GemFifth Era Acquisition Corp I (NASDAQ:FERA – Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 177 shares, a decline of 73.4% from the April 30th total of 666 shares. Based on an average daily trading volume, of 23,613 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. acquired a new position in Fifth Era Acquisition Corp I during the 4th quarter worth $104,000. Virtu Financial LLC acquired a new position in Fifth Era Acquisition Corp I during the 4th quarter worth $447,000. Rivernorth Capital Management LLC grew its holdings in 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 worth $4,115,000 after acquiring an additional 102,372 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Fifth Era Acquisition Corp I during the 4th quarter worth $4,116,000. Finally, Radcliffe Capital Management L.P. grew its holdings 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 in the last quarter.
Fifth Era Acquisition Corp I Stock Performance
FERA stock remained flat at $10.38 during mid-day trading on Friday. 784 shares of the company’s stock traded hands, compared to its average volume of 26,031. Fifth Era Acquisition Corp I has a 52 week low of $10.06 and a 52 week high of $10.50. The business’s fifty day moving average is $10.34.
Fifth Era Acquisition Corp I (NASDAQ:FERA – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $2.09 million for the quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Fifth Era Acquisition Corp I from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Fifth Era Acquisition Corp I presently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Fifth Era Acquisition Corp I
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.