M3-Brigade Acquisition III Corp. (NYSE:MBSC) Sees Large Increase in Short Interest

M3-Brigade Acquisition III Corp. (NYSE:MBSC – Get Rating) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 2,300 shares, a growth of 21.1% from the April 15th total of 1,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 56,700 shares, the days-to-cover ratio is presently 0.0 days.

M3-Brigade Acquisition III Stock Performance

Shares of M3-Brigade Acquisition III stock opened at $10.39 on Monday. M3-Brigade Acquisition III has a 1 year low of $9.85 and a 1 year high of $10.40. The firm’s 50-day moving average is $10.34 and its 200 day moving average is $10.22.

Institutional Trading of M3-Brigade Acquisition III

A number of hedge funds and other institutional investors have recently bought and sold shares of MBSC. Centiva Capital LP boosted its holdings in M3-Brigade Acquisition III by 3,570.0% in the fourth quarter. Centiva Capital LP now owns 994,248 shares of the company’s stock worth $10,082,000 after acquiring an additional 967,157 shares in the last quarter. First Trust Capital Management L.P. raised its holdings in shares of M3-Brigade Acquisition III by 124.5% in the 4th quarter. First Trust Capital Management L.P. now owns 1,280,902 shares of the company’s stock valued at $12,988,000 after buying an additional 710,349 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of M3-Brigade Acquisition III in the 1st quarter valued at $4,753,000. Wolverine Asset Management LLC acquired a new position in shares of M3-Brigade Acquisition III during the 4th quarter worth about $1,927,000. Finally, RPO LLC boosted its position in shares of M3-Brigade Acquisition III by 41.9% during the 3rd quarter. RPO LLC now owns 543,475 shares of the company’s stock worth $5,484,000 after acquiring an additional 160,490 shares in the last quarter. Hedge funds and other institutional investors own 76.89% of the company’s stock.

M3-Brigade Acquisition III Company Profile

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M3-Brigade Acquisition III Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.