M3-Brigade Acquisition II Corp. (NYSE:MBAC – Get Rating) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 14,400 shares, a growth of 193.9% from the November 30th total of 4,900 shares. Based on an average trading volume of 93,900 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company's shares are sold short.
M3-Brigade Acquisition II Stock Performance
MBAC stock traded up $0.01 on Friday, reaching $10.02. The company's stock had a trading volume of 44,124 shares, compared to its average volume of 147,275. The business has a fifty day simple moving average of $9.95 and a two-hundred day simple moving average of $9.87. M3-Brigade Acquisition II has a 12-month low of $9.27 and a 12-month high of $10.09.
Get M3-Brigade Acquisition II alerts:Hedge Funds Weigh In On M3-Brigade Acquisition II
Several institutional investors and hedge funds have recently added to or reduced their stakes in MBAC. HighTower Advisors LLC purchased a new position in M3-Brigade Acquisition II during the first quarter valued at $1,359,000. Ergoteles LLC purchased a new position in M3-Brigade Acquisition II during the first quarter valued at $613,000. Basso Capital Management L.P. purchased a new position in M3-Brigade Acquisition II during the first quarter valued at $3,692,000. Hsbc Holdings PLC bought a new position in shares of M3-Brigade Acquisition II during the first quarter valued at $8,780,000. Finally, Prelude Capital Management LLC increased its holdings in shares of M3-Brigade Acquisition II by 513.5% during the first quarter. Prelude Capital Management LLC now owns 153,374 shares of the company's stock valued at $1,498,000 after acquiring an additional 128,374 shares in the last quarter. Hedge funds and other institutional investors own 74.63% of the company's stock.
About M3-Brigade Acquisition II
(Get Rating)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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