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Short Interest in Kensington Capital Acquisition Corp. V (NYSE:KCGI) Declines By 12.3%

Financial News Live ·  Apr 21, 2023 23:03

Kensington Capital Acquisition Corp. V (NYSE:KCGI – Get Rating) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 5,700 shares, a drop of 12.3% from the March 15th total of 6,500 shares. Based on an average trading volume of 182,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Kensington Capital Acquisition Corp. V Stock Performance

NYSE:KCGI remained flat at $10.47 on Friday. The company's stock had a trading volume of 27,651 shares, compared to its average volume of 190,914. Kensington Capital Acquisition Corp. V has a 12-month low of $9.85 and a 12-month high of $10.57. The business has a 50 day moving average of $10.39 and a 200-day moving average of $10.23.

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Hedge Funds Weigh In On Kensington Capital Acquisition Corp. V

Institutional investors and hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC bought a new stake in Kensington Capital Acquisition Corp. V in the 1st quarter valued at $28,000. Royal Bank of Canada bought a new position in Kensington Capital Acquisition Corp. V in the first quarter valued at about $116,000. Mizuho Securities USA LLC bought a new position in shares of Kensington Capital Acquisition Corp. V during the third quarter worth about $135,000. Virtu Financial LLC raised its position in shares of Kensington Capital Acquisition Corp. V by 50.5% during the fourth quarter. Virtu Financial LLC now owns 17,827 shares of the company's stock worth $182,000 after acquiring an additional 5,979 shares during the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of Kensington Capital Acquisition Corp. V during the fourth quarter worth about $200,000.

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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