D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) Shares Shorted: Short Interest Down 40.1% in September

D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 43,764 shares, a decrease of 40.1% from the September 15th total of 73,108 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 60,956 shares, the short-interest ratio is presently 0.7 days.

D. Boral ARC Acquisition I Price Performance

Shares of XLAB stock traded up $0.99 during mid-day trading on Friday, hitting $2.35. The company had a trading volume of 170,168,884 shares, compared to its average volume of 889,503. The stock’s 50 day moving average price is $4.41 and its 200-day moving average price is $8.60. D. Boral ARC Acquisition I has a 52-week low of $0.78 and a 52-week high of $7.39.

D. Boral ARC Acquisition I (NASDAQ:XLAB) last released its quarterly earnings results on Friday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of D. Boral ARC Acquisition I from a “sell (e)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On D. Boral ARC Acquisition I

Several hedge funds have recently made changes to their positions in the company. Rangeley Capital LLC grew its stake in D. Boral ARC Acquisition I by 114.4% in the first quarter. Rangeley Capital LLC now owns 72,430 shares of the company’s stock valued at $771,000 after purchasing an additional 38,650 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of D. Boral ARC Acquisition I in the 1st quarter worth $1,012,000. Readystate Asset Management LP acquired a new stake in D. Boral ARC Acquisition I in the first quarter worth about $1,012,000. Berkley W R Corp increased its holdings in shares of D. Boral ARC Acquisition I by 1.7% during the first quarter. Berkley W R Corp now owns 226,854 shares of the company’s stock valued at $2,296,000 after acquiring an additional 3,686 shares in the last quarter. Finally, FNY Investment Advisers LLC boosted its stake in D. Boral ARC Acquisition I by 218.6% in the 2nd quarter. FNY Investment Advisers LLC now owns 288,889 shares of the company’s stock worth $3,013,000 after purchasing an additional 198,218 shares in the last quarter.

About D. Boral ARC Acquisition I

D. Boral ARC Acquisition I 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, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction.

As a blank-check company, D. Boral ARC Acquisition I does not have established operating products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a suitable transaction, subject to shareholder approval and other customary conditions.

Limited publicly available information is available regarding the company’s target industry, geographic focus, operating history, and leadership.