Short Interest in Kensington Capital Acquisition Corp. V (NYSE:KCGI) Expands By 9.1%

Kensington Capital Acquisition Corp. V (NYSE:KCGI) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,200 shares, an increase of 9.1% from the March 15th total of 1,100 shares. Based on an average daily trading volume, of 6,500 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KCGI. Penserra Capital Management LLC acquired a new position in Kensington Capital Acquisition Corp. V in the 1st quarter valued at about $28,000. Kohlberg Kravis Roberts & Co. L.P. boosted its stake in shares of Kensington Capital Acquisition Corp. V by 51.1% in the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 66,086 shares of the company’s stock valued at $656,000 after buying an additional 22,355 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Kensington Capital Acquisition Corp. V in the first quarter valued at approximately $310,000. Royal Bank of Canada acquired a new stake in Kensington Capital Acquisition Corp. V during the first quarter worth approximately $116,000. Finally, Bank of America Corp DE raised its holdings in Kensington Capital Acquisition Corp. V by 1.6% in the 1st quarter. Bank of America Corp DE now owns 799,100 shares of the company’s stock valued at $7,935,000 after acquiring an additional 12,500 shares in the last quarter.

Kensington Capital Acquisition Corp. V Stock Performance

KCGI remained flat at $10.90 on Wednesday. Kensington Capital Acquisition Corp. V has a 12-month low of $10.43 and a 12-month high of $11.05. The stock’s 50 day simple moving average is $10.82 and its 200 day simple moving average is $10.72.

Kensington Capital Acquisition Corp. V Company Profile

Kensington Capital Acquisition Corp. V does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Kensington Capital Acquisition Corp. V was incorporated in 2021 and is based in Westbury, New York.