D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) Sees Large Growth in Short Interest

D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 708,675 shares, a growth of 1,706.5% from the October 15th total of 39,229 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 30,228,967 shares, the short-interest ratio is currently 0.0 days.

D. Boral ARC Acquisition I Trading Down 7.1%

NASDAQ:XLAB traded down $0.08 during trading hours on Tuesday, reaching $1.04. The company had a trading volume of 1,128,200 shares, compared to its average volume of 17,852,160. The business’s 50-day simple moving average is $3.25 and its two-hundred day simple moving average is $8.56. D. Boral ARC Acquisition I has a twelve month low of $0.78 and a twelve month high of $7.39.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised D. Boral ARC Acquisition I from a “sell (e)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in XLAB. Harraden Circle Investments LLC grew its stake in D. Boral ARC Acquisition I by 23.9% in the second quarter. Harraden Circle Investments LLC now owns 2,643,991 shares of the company’s stock valued at $27,577,000 after acquiring an additional 510,137 shares during the period. DLD Asset Management LP grew its position in D. Boral ARC Acquisition I by 200.0% in the 1st quarter. DLD Asset Management LP now owns 400,000 shares of the company’s stock valued at $4,048,000 after purchasing an additional 266,667 shares during the period. FNY Investment Advisers LLC increased its stake in D. Boral ARC Acquisition I by 218.6% during the 2nd quarter. FNY Investment Advisers LLC now owns 288,889 shares of the company’s stock valued at $3,013,000 after purchasing an additional 198,218 shares in the last quarter. Berkley W R Corp increased its stake in D. Boral ARC Acquisition I by 1.7% during the 1st quarter. Berkley W R Corp now owns 226,854 shares of the company’s stock valued at $2,296,000 after purchasing an additional 3,686 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in D. Boral ARC Acquisition I during the 1st quarter valued at $1,012,000.

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.