D. Boral Acquisition I Corp. (NASDAQ:DBCA) Stock Short Interest Drops 68.3%

D. Boral Acquisition I Corp. (NASDAQ:DBCA) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 124 shares, a drop of 68.3% from the August 31st total of 391 shares. Based on an average trading volume of 47,622 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DBCA. Wall Street Zen upgraded D. Boral Acquisition I to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of D. Boral Acquisition I from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

D. Boral Acquisition I Stock Up 0.0%

Shares of D. Boral Acquisition I stock traded up $0.01 during trading hours on Tuesday, reaching $10.03. 244 shares of the company’s stock were exchanged, compared to its average volume of 75,692. The firm has a fifty day moving average price of $10.01. D. Boral Acquisition I has a 1 year low of $9.83 and a 1 year high of $10.10.

D. Boral Acquisition I Company Profile

D. Boral Acquisition I (NASDAQ: DBCA) is a special purpose acquisition company, or SPAC, formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses.

As a blank-check company, D. Boral Acquisition I does not have established commercial operations, products, or services of its own. Its activities are focused primarily on identifying and evaluating potential acquisition targets and completing a business combination.

The company’s future business profile will depend on the target it selects and any transaction it completes.