Fifth Era Acquisition Corp I (NASDAQ:FERA) Short Interest Up 2,140.2% in June

Fifth Era Acquisition Corp I (NASDAQ:FERA) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 3,786 shares, a growth of 2,140.2% from the May 31st total of 169 shares. Based on an average daily volume of 9,269 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Fifth Era Acquisition Corp I from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Fifth Era Acquisition Corp I Stock Performance

NASDAQ FERA traded down $0.01 on Thursday, hitting $10.42. The company’s stock had a trading volume of 900,784 shares, compared to its average volume of 49,480. Fifth Era Acquisition Corp I has a 52-week low of $10.13 and a 52-week high of $10.50. The firm’s 50-day simple moving average is $10.38.

Fifth Era Acquisition Corp I (NASDAQ:FERA) last posted its earnings results on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $2.09 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FERA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Fifth Era Acquisition Corp I in the 4th quarter worth $4,116,000. Glazer Capital LLC lifted its position in shares of Fifth Era Acquisition Corp I by 31.8% in the 4th quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock worth $9,312,000 after purchasing an additional 218,282 shares during the period. Rivernorth Capital Management LLC boosted its stake in shares of Fifth Era Acquisition Corp I by 34.4% during the 4th quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock valued at $4,115,000 after purchasing an additional 102,372 shares in the last quarter. Radcliffe Capital Management L.P. boosted its stake in shares of Fifth Era Acquisition Corp I by 22.8% during the 4th quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock valued at $4,161,000 after purchasing an additional 75,201 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Fifth Era Acquisition Corp I during the fourth quarter valued at about $447,000.

Fifth Era Acquisition Corp I Company Profile

Fifth Era Acquisition Corp I (NASDAQ: FERA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank?check vehicle, the company was formed to raise capital in public markets through an initial public offering and to identify, negotiate and complete a business combination with one or more operating companies. The primary business activity of Fifth Era Acquisition Corp I is to serve as an acquisition vehicle that facilitates the transition of a private company to the public markets through a merger, share exchange, asset acquisition or similar transaction.

Like other SPACs, Fifth Era Acquisition Corp I typically holds the proceeds from its public offering in a trust account pending the completion of a qualifying business combination.