M3-Brigade Acquisition III Corp. (NYSE:MBSC – Get Rating) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 8,700 shares, a decline of 90.8% from the December 31st total of 94,900 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 138,200 shares, the short-interest ratio is presently 0.1 days.

M3-Brigade Acquisition III Stock Performance

NYSE MBSC traded down $0.01 on Friday, reaching $10.19. 100,001 shares of the company were exchanged, compared to its average volume of 133,138. The business's fifty day moving average price is $10.12 and its 200 day moving average price is $10.08. M3-Brigade Acquisition III has a fifty-two week low of $9.81 and a fifty-two week high of $10.22.

Hedge Funds Weigh In On M3-Brigade Acquisition III

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MBSC. Bank of Montreal Can purchased a new stake in M3-Brigade Acquisition III in the second quarter valued at $9,356,000. Goldman Sachs Group Inc. purchased a new stake in M3-Brigade Acquisition III in the first quarter valued at $4,753,000. RPO LLC raised its position in M3-Brigade Acquisition III by 371.4% in the second quarter. RPO LLC now owns 382,985 shares of the company's stock valued at $3,819,000 after purchasing an additional 301,741 shares during the period. Karpus Management Inc. purchased a new stake in M3-Brigade Acquisition III in the second quarter valued at $2,702,000. Finally, Exos TFP Holdings LLC purchased a new stake in M3-Brigade Acquisition III in the third quarter valued at $788,000. Institutional investors and hedge funds own 76.89% of the company's stock.

About M3-Brigade Acquisition III

M3-Brigade Acquisition III Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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