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

Fifth Era Acquisition Corp I (NASDAQ:FERA) saw a large growth in short interest in 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. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 9,269 shares, the days-to-cover ratio is presently 0.4 days.

Fifth Era Acquisition Corp I Trading Down 0.1%

NASDAQ:FERA opened at $10.42 on Friday. The firm has a 50-day moving average price of $10.38. Fifth Era Acquisition Corp I has a fifty-two week low of $10.13 and a fifty-two week high of $10.50.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FERA. PenderFund Capital Management Ltd. purchased a new stake in shares of Fifth Era Acquisition Corp I in the 4th quarter valued at approximately $104,000. Virtu Financial LLC acquired a new stake in shares of Fifth Era Acquisition Corp I during the 4th quarter worth about $447,000. Radcliffe Capital Management L.P. raised its holdings 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. Rivernorth Capital Management LLC lifted its position in Fifth Era Acquisition Corp I by 34.4% in the fourth quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock valued at $4,115,000 after buying an additional 102,372 shares during the last quarter. Finally, Glazer Capital LLC lifted its position in Fifth Era Acquisition Corp I by 31.8% in the fourth quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock valued at $9,312,000 after buying an additional 218,282 shares during the last quarter.

Analyst Ratings Changes

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

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.