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

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 50,757 shares, an increase of 80.6% from the February 26th total of 28,107 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 333,220 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Bleichroeder Acquisition Corp. I

A number of large investors have recently added to or reduced their stakes in BACQ. Griffin Asset Management Inc. bought a new position in shares of Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $118,000. Jane Street Group LLC bought a new position in Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $141,000. PFG Investments LLC bought a new position in Bleichroeder Acquisition Corp. I in the 4th quarter valued at about $161,000. Sage Advisors LLC acquired a new stake in Bleichroeder Acquisition Corp. I during the fourth quarter worth approximately $248,000. Finally, Geode Capital Management LLC acquired a new stake in Bleichroeder Acquisition Corp. I during the fourth quarter worth approximately $279,000.

Bleichroeder Acquisition Corp. I Stock Up 2.3%

Shares of BACQ opened at $7.85 on Friday. Bleichroeder Acquisition Corp. I has a twelve month low of $7.35 and a twelve month high of $13.21. The firm’s 50 day moving average price is $9.89 and its two-hundred day moving average price is $10.46.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter.

Bleichroeder Acquisition Corp. I Company Profile

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.