InterPrivate Investment Partners V Inc (NASDAQ:IPVVU) Shares Shorted: Short Interest Down 62.2% in September

InterPrivate Investment Partners V Inc (NASDAQ:IPVVU) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 612 shares, a decline of 62.2% from the August 31st total of 1,618 shares. Based on an average daily volume of 101 shares, the short-interest ratio is presently 6.1 days.

InterPrivate Investment Partners V Stock Performance

Shares of NASDAQ:IPVVU remained flat at $9.92 during mid-day trading on Tuesday. InterPrivate Investment Partners V has a 12-month low of $9.90 and a 12-month high of $10.00. The business’s 50 day moving average is $9.93.

Analysts Set New Price Targets

Separately, Wall Street Zen raised InterPrivate Investment Partners V to a “hold” rating in a research report on Saturday, June 13th.

InterPrivate Investment Partners V Company Profile

InterPrivate Investment Partners V is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, share exchange, asset acquisition, share purchase, reorganization, or similar corporate combination.

As a SPAC, InterPrivate Investment Partners V does not operate a traditional business and does not offer products or services to customers. Its activities are primarily focused on raising capital through a public offering, evaluating potential acquisition targets, and seeking shareholder approval for a proposed transaction.

The company is associated with the InterPrivate investment platform.