M3-Brigade Acquisition II Corp. (NYSE:MBAC – Get Rating) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 7,600 shares, a drop of 50.0% from the December 31st total of 15,200 shares. Based on an average daily trading volume, of 101,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

M3-Brigade Acquisition II Price Performance

MBAC stock opened at $10.10 on Friday. M3-Brigade Acquisition II has a twelve month low of $9.27 and a twelve month high of $10.56. The business's 50-day simple moving average is $10.02 and its 200 day simple moving average is $9.91.

Institutional Investors Weigh In On M3-Brigade Acquisition II

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new position in M3-Brigade Acquisition II in the 1st quarter worth approximately $8,780,000. Mint Tower Capital Management B.V. boosted its stake in M3-Brigade Acquisition II by 250.0% in the 3rd quarter. Mint Tower Capital Management B.V. now owns 700,000 shares of the company's stock worth $6,867,000 after purchasing an additional 500,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in M3-Brigade Acquisition II in the 3rd quarter worth $4,513,000. Verition Fund Management LLC boosted its stake in M3-Brigade Acquisition II by 613.7% in the 3rd quarter. Verition Fund Management LLC now owns 418,203 shares of the company's stock worth $4,103,000 after purchasing an additional 359,606 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in M3-Brigade Acquisition II in the 2nd quarter worth $2,051,000. 74.63% of the stock is owned by institutional investors and hedge funds.

About M3-Brigade Acquisition II

M3-Brigade Acquisition II Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. M3-Brigade Acquisition II Corp. was incorporated in 2020 and is based in New York, New York.

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