Kensington Capital Acquisition Corp. V (NYSE:KCGI – Get Rating) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 124,000 shares, a growth of 1,178.4% from the September 30th total of 9,700 shares. Based on an average daily trading volume, of 67,000 shares, the days-to-cover ratio is currently 1.9 days.

Kensington Capital Acquisition Corp. V Price Performance

NYSE KCGI opened at $10.05 on Thursday. The company has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $9.93. Kensington Capital Acquisition Corp. V has a 52-week low of $9.81 and a 52-week high of $10.38.

Institutional Trading of Kensington Capital Acquisition Corp. V

A number of institutional investors and hedge funds have recently modified their holdings of the company. Arena Investors LP acquired a new position in Kensington Capital Acquisition Corp. V in the 1st quarter valued at $66,000. Hartree Partners LP acquired a new stake in Kensington Capital Acquisition Corp. V in the 2nd quarter worth $4,945,000. Bank of Montreal Can acquired a new stake in Kensington Capital Acquisition Corp. V in the 1st quarter worth $10,949,000. Bank of America Corp DE grew its position in Kensington Capital Acquisition Corp. V by 1.6% in the 1st quarter. Bank of America Corp DE now owns 799,100 shares of the company's stock worth $7,935,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Kohlberg Kravis Roberts & Co. L.P. grew its position in Kensington Capital Acquisition Corp. V by 51.1% in the 1st quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 66,086 shares of the company's stock worth $656,000 after purchasing an additional 22,355 shares during the last quarter.

Kensington Capital Acquisition Corp. V Company Profile

Kensington Capital Acquisition Corp. V does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Westbury, New York.

Read More

• Get a free copy of the StockNews.com research report on Kensington Capital Acquisition Corp. V (KCGI)
• Be Sure You Own United Parcel Service for the Right Reasons
• 3 Roughed-Up Dividend Aristocrats with Good Long-Term Prospects
• Strong Fundamentals Make Bristol Myers Squibb Stock a Real Value
• Sell-Siders See Value in Highly Valued Chipotle Stock
• General Electric May be a Buy in the Right Portfolio

Receive News & Ratings for Kensington Capital Acquisition Corp. V Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kensington Capital Acquisition Corp. V and related companies with MarketBeat.com's FREE daily email newsletter.