Fifth Era Acquisition Corp I (NASDAQ:FERA) Sees Significant Drop in Short Interest

Fifth Era Acquisition Corp I (NASDAQ:FERA) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 926 shares, a drop of 71.1% from the June 30th total of 3,200 shares. Based on an average daily trading volume, of 69,765 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FERA. PenderFund Capital Management Ltd. acquired a new position in Fifth Era Acquisition Corp I during the 4th quarter worth approximately $104,000. Virtu Financial LLC acquired a new stake in shares of Fifth Era Acquisition Corp I in the 4th quarter valued at $447,000. Rivernorth Capital Management LLC lifted its position 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 worth $4,115,000 after purchasing an additional 102,372 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Fifth Era Acquisition Corp I during the 4th quarter worth $4,116,000. Finally, Radcliffe Capital Management L.P. grew its stake in shares of Fifth Era Acquisition Corp I by 22.8% during the fourth quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock worth $4,161,000 after purchasing an additional 75,201 shares in the last quarter.

Fifth Era Acquisition Corp I Stock Performance

Fifth Era Acquisition Corp I stock opened at $10.45 on Friday. Fifth Era Acquisition Corp I has a twelve month low of $10.13 and a twelve month high of $10.50. The stock’s fifty day moving average is $10.41.

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

Wall Street Analysts Forecast Growth

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

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.