Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) Short Interest Update

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 15,591 shares, an increase of 92.1% from the February 26th total of 8,117 shares. Based on an average daily volume of 157,872 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Bold Eagle Acquisition Corp. – Class A Ordinary Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Linden Advisors LP grew its stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 43.8% in the 2nd quarter. Linden Advisors LP now owns 1,150,000 shares of the company’s stock valued at $12,040,000 after buying an additional 350,000 shares in the last quarter. Meteora Capital LLC acquired a new stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the second quarter valued at approximately $4,868,000. Radcliffe Capital Management L.P. lifted its stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 49.3% in the third quarter. Radcliffe Capital Management L.P. now owns 319,931 shares of the company’s stock valued at $3,327,000 after acquiring an additional 105,710 shares during the last quarter. Centiva Capital LP grew its position in Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 455.4% in the third quarter. Centiva Capital LP now owns 1,567,798 shares of the company’s stock worth $16,305,000 after acquiring an additional 1,285,514 shares in the last quarter. Finally, Hudson Bay Capital Management LP increased its stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 627.2% during the 3rd quarter. Hudson Bay Capital Management LP now owns 1,020,311 shares of the company’s stock worth $10,611,000 after purchasing an additional 880,000 shares during the last quarter.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Stock Performance

BEAG traded down $0.03 on Friday, reaching $10.55. 56,260 shares of the company traded hands, compared to its average volume of 76,733. The stock’s 50 day moving average price is $10.57 and its 200-day moving average price is $10.58. Bold Eagle Acquisition Corp. – Class A Ordinary Shares has a 52-week low of $10.08 and a 52-week high of $11.20.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) last posted its quarterly earnings results on Monday, March 23rd. The company reported $0.07 EPS for the quarter.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Company Profile

Bold Eagle Acquisition Corp. is a Delaware-incorporated special purpose acquisition company whose Class A ordinary shares trade on the Nasdaq under the ticker BEAG. The company was formed to raise capital through an initial public offering, providing investors with the opportunity to participate in a business combination with one or more target companies.

As a blank‐check company, Bold Eagle Acquisition has not yet announced a definitive merger or acquisition target. Its mandate allows it to pursue transactions across a wide range of industries and geographies, subject to approval by its shareholders and regulatory requirements.

Bold Eagle Acquisition’s operations are overseen by a board and management team with experience in capital markets and corporate strategy.