Short Interest in Fifth Era Acquisition Corp I (NASDAQ:FERA) Drops By 42.3%

Fifth Era Acquisition Corp I (NASDAQ:FERA) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 657 shares, a decrease of 42.3% from the July 30th total of 1,138 shares. Based on an average daily trading volume, of 45,685 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Fifth Era Acquisition Corp I Price Performance

Shares of Fifth Era Acquisition Corp I stock traded up $0.01 on Tuesday, reaching $10.51. The company had a trading volume of 81,734 shares, compared to its average volume of 76,545. The firm’s 50 day moving average price is $10.45 and its two-hundred day moving average price is $10.38. Fifth Era Acquisition Corp I has a 52-week low of $10.13 and a 52-week high of $10.54.

Fifth Era Acquisition Corp I (NASDAQ:FERA) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $2.12 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fifth Era Acquisition Corp I in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Fifth Era Acquisition Corp I currently has an average rating of “Sell”.

Institutional Investors Weigh In On Fifth Era Acquisition Corp I

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

About Fifth Era Acquisition Corp I

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.