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Kensington Capital Acquisition Corp. V (NYSE:KCGI) Short Interest Up 127.3% in June

kopsource ·  Jul 17, 2022 07:41

Kensington Capital Acquisition Corp. V (NYSE:KCGI – Get Rating) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 37,500 shares, an increase of 127.3% from the June 15th total of 16,500 shares. Based on an average trading volume of 65,400 shares, the short-interest ratio is presently 0.6 days.

Kensington Capital Acquisition Corp. V Trading Down 0.1 %

Shares of NYSE KCGI opened at $9.92 on Friday. Kensington Capital Acquisition Corp. V has a 52 week low of $9.71 and a 52 week high of $10.38. The firm has a 50-day moving average price of $9.90 and a 200 day moving average price of $10.01.

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Institutional Trading of Kensington Capital Acquisition Corp. V

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eisler Capital UK Ltd. acquired a new stake in shares of Kensington Capital Acquisition Corp. V in the fourth quarter valued at about $2,571,000. Beryl Capital Management LLC raised its position in Kensington Capital Acquisition Corp. V by 79.6% during the fourth quarter. Beryl Capital Management LLC now owns 378,916 shares of the company's stock worth $3,725,000 after acquiring an additional 167,996 shares during the last quarter. Saba Capital Management L.P. raised its position in Kensington Capital Acquisition Corp. V by 23.7% during the fourth quarter. Saba Capital Management L.P. now owns 989,691 shares of the company's stock worth $9,729,000 after acquiring an additional 189,691 shares during the last quarter. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in Kensington Capital Acquisition Corp. V during the fourth quarter worth about $430,000. Finally, Bank of America Corp DE raised its position in Kensington Capital Acquisition Corp. V by 1.6% during the first quarter. Bank of America Corp DE now owns 799,100 shares of the company's stock worth $7,935,000 after acquiring an additional 12,500 shares during the last quarter.

Kensington Capital Acquisition Corp. V Company Profile

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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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