Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Short Interest Update

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 7,400 shares, a decrease of 62.8% from the August 31st total of 19,900 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 78,500 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 78,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Bleichroeder Acquisition Corp. I

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Bleichroeder Acquisition Corp. I in the 1st quarter worth $609,000. Continental General Insurance Co. purchased a new position in Bleichroeder Acquisition Corp. I in the 1st quarter worth $20,020,000. Wolverine Asset Management LLC raised its stake in Bleichroeder Acquisition Corp. I by 408.3% in the 1st quarter. Wolverine Asset Management LLC now owns 1,106,088 shares of the company’s stock worth $11,072,000 after acquiring an additional 888,474 shares during the last quarter. DLD Asset Management LP purchased a new position in Bleichroeder Acquisition Corp. I in the 1st quarter worth $1,248,000. Finally, Mizuho Securities USA LLC purchased a new position in Bleichroeder Acquisition Corp. I in the 1st quarter worth $2,799,000.

Bleichroeder Acquisition Corp. I Trading Up 0.3%

Shares of BACQ opened at $10.44 on Friday. The stock has a fifty day moving average price of $10.37 and a 200-day moving average price of $10.25. Bleichroeder Acquisition Corp. I has a 12 month low of $9.80 and a 12 month high of $11.34.

Wall Street Analyst Weigh In

BACQ has been the subject of a number of analyst reports. Wall Street Zen upgraded Bleichroeder Acquisition Corp. I to a “hold” rating in a report on Friday, June 27th. Weiss Ratings reiterated a “sell (e)” rating on shares of Bleichroeder Acquisition Corp. I in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

About Bleichroeder Acquisition Corp. I

Bleichroeder Acquisition Corp. I is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Andrew Stephen Gundlach and Michel Combes on June 24, 2024 and is headquartered in New York, NY.