Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Sees Significant Increase in Short Interest

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 67,001 shares, a growth of 128.3% from the November 30th total of 29,351 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 548,867 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 548,867 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Clear Street Group Inc. purchased a new stake in shares of Bleichroeder Acquisition Corp. I during the 3rd quarter worth about $468,000. Shaolin Capital Management LLC bought a new position in Bleichroeder Acquisition Corp. I during the third quarter valued at approximately $3,039,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Bleichroeder Acquisition Corp. I during the third quarter valued at approximately $5,440,000. Sandia Investment Management LP bought a new stake in Bleichroeder Acquisition Corp. I in the third quarter worth approximately $910,000. Finally, Radcliffe Capital Management L.P. increased its stake in shares of Bleichroeder Acquisition Corp. I by 628.0% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 912,239 shares of the company’s stock worth $9,487,000 after purchasing an additional 786,939 shares during the last quarter.

Bleichroeder Acquisition Corp. I Price Performance

Shares of Bleichroeder Acquisition Corp. I stock opened at $10.81 on Friday. Bleichroeder Acquisition Corp. I has a 1 year low of $9.85 and a 1 year high of $13.21. The stock has a 50-day moving average price of $10.88 and a 200 day moving average price of $10.58.

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

Wall Street Analyst Weigh In

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

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.