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

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 67,001 shares, an increase of 128.3% from the November 30th total of 29,351 shares. Based on an average daily volume of 548,867 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 548,867 shares, the short-interest ratio is presently 0.1 days.

Bleichroeder Acquisition Corp. I Stock Performance

NASDAQ BACQ traded down $0.03 during trading on Friday, hitting $10.81. 123,650 shares of the stock traded hands, compared to its average volume of 394,857. Bleichroeder Acquisition Corp. I has a 12-month low of $9.85 and a 12-month high of $13.21. The firm has a 50-day simple moving average of $10.88 and a 200-day simple moving average of $10.58.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Bleichroeder Acquisition Corp. I

A number of large investors have recently made changes to their positions in the business. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Bleichroeder Acquisition Corp. I during the second quarter valued at approximately $4,648,000. BCK Capital Management LP bought a new stake in shares of Bleichroeder Acquisition Corp. I in the 2nd quarter worth about $1,031,000. Wealthspring Capital LLC bought a new position in Bleichroeder Acquisition Corp. I during the 2nd quarter valued at about $1,810,000. Berkley W R Corp lifted its stake in Bleichroeder Acquisition Corp. I by 121.3% in the second quarter. Berkley W R Corp now owns 1,211,019 shares of the company’s stock worth $12,486,000 after purchasing an additional 663,884 shares during the last quarter. Finally, Meteora Capital LLC bought a new position in shares of Bleichroeder Acquisition Corp. I during the second quarter valued at approximately $25,674,000.

About Bleichroeder Acquisition Corp. I

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.