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 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 Friday. The stock's 50 day moving average is $9.97 and its two-hundred day moving average is $9.93. Kensington Capital Acquisition Corp. V has a 1-year low of $9.81 and a 1-year high of $10.38.

Institutional Investors Weigh In On Kensington Capital Acquisition Corp. V

A number of institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC acquired a new stake in Kensington Capital Acquisition Corp. V during the first quarter valued at approximately $28,000. Arena Investors LP bought a new position in shares of Kensington Capital Acquisition Corp. V in the first quarter valued at approximately $66,000. Royal Bank of Canada bought a new position in shares of Kensington Capital Acquisition Corp. V in the first quarter valued at approximately $116,000. Bank of America Corp DE raised its stake in shares of Kensington Capital Acquisition Corp. V by 1.6% in the first quarter. Bank of America Corp DE now owns 799,100 shares of the company's stock valued at $7,935,000 after acquiring an additional 12,500 shares during the last quarter. Finally, Mizuho Securities USA LLC bought a new position in shares of Kensington Capital Acquisition Corp. V in the third quarter valued at approximately $135,000.

About Kensington Capital Acquisition Corp. V

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.

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