Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Short Interest Down 45.4% in January

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 20,547 shares, a drop of 45.4% from the January 15th total of 37,602 shares. Based on an average daily trading volume, of 197,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 197,500 shares, the short-interest ratio is currently 0.1 days.

Bleichroeder Acquisition Corp. I Stock Down 0.1%

Shares of NASDAQ:BACQ traded down $0.01 during trading hours on Friday, hitting $10.52. 378,162 shares of the company’s stock traded hands, compared to its average volume of 211,119. The business has a fifty day moving average price of $10.72 and a 200-day moving average price of $10.67. Bleichroeder Acquisition Corp. I has a 1 year low of $9.95 and a 1 year high of $13.21.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.00 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Bleichroeder Acquisition Corp. I

Several large investors have recently added to or reduced their stakes in BACQ. Griffin Asset Management Inc. bought a new position in Bleichroeder Acquisition Corp. I in the fourth quarter worth about $118,000. Jane Street Group LLC acquired a new position in shares of Bleichroeder Acquisition Corp. I during the fourth quarter worth $141,000. PFG Investments LLC purchased a new stake in shares of Bleichroeder Acquisition Corp. I during the 4th quarter valued at $161,000. Sage Advisors LLC purchased a new position in Bleichroeder Acquisition Corp. I during the 4th quarter worth $248,000. Finally, Geode Capital Management LLC acquired a new position in Bleichroeder Acquisition Corp. I during the 4th quarter valued at about $279,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Bleichroeder Acquisition Corp. I Company Profile

Bleichroeder Acquisition Corp. I is a Delaware-incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company does not presently have operations of its own and intends to seek opportunities primarily in sectors where its sponsor, Bleichroeder & Co, holds expertise, including financial services, industrials and technology.

The company’s strategy involves raising capital through an initial public offering (IPO) to finance acquisition targets and working closely with management teams to drive growth and operational improvements.