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

D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 75,543 shares, a growth of 78.6% from the May 31st total of 42,286 shares. Based on an average daily volume of 658,776 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of D. Boral ARC Acquisition I

A number of hedge funds and other institutional investors have recently made changes to their positions in BCAR. Bank of America Corp DE acquired a new stake in D. Boral ARC Acquisition I during the first quarter valued at approximately $1,012,000. Readystate Asset Management LP acquired a new position in D. Boral ARC Acquisition I in the first quarter worth approximately $1,012,000. Berkley W R Corp increased its holdings in shares of D. Boral ARC Acquisition I by 1.7% in the first quarter. Berkley W R Corp now owns 226,854 shares of the company’s stock valued at $2,296,000 after buying an additional 3,686 shares in the last quarter. DLD Asset Management LP lifted its position in shares of D. Boral ARC Acquisition I by 200.0% during the 1st quarter. DLD Asset Management LP now owns 400,000 shares of the company’s stock valued at $4,048,000 after acquiring an additional 266,667 shares during the last quarter. Finally, Stoic Point Capital Management LLC acquired a new stake in shares of D. Boral ARC Acquisition I during the 4th quarter valued at $531,000. 4.33% of the stock is currently owned by institutional investors.

D. Boral ARC Acquisition I Stock Up 0.3%

Shares of NASDAQ:BCAR opened at $10.46 on Thursday. The stock has a 50 day moving average of $10.58. D. Boral ARC Acquisition I has a twelve month low of $9.88 and a twelve month high of $11.17.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.07 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of D. Boral ARC Acquisition I in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

About D. Boral ARC Acquisition I

D. Boral ARC Acquisition I (NASDAQ: BCAR) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through a public offering and to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. As a SPAC, its primary activity is identifying and negotiating a business combination rather than conducting commercial operations itself.

Publicly available disclosures do not identify a confirmed target company, a specific industry focus or detailed information about the company’s leadership and sponsors in widely accessible sources.