D. Boral ARC Acquisition I Corp. (NASDAQ:BCARW – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 3,948 shares, a drop of 75.1% from the May 14th total of 15,848 shares. Based on an average daily volume of 335,433 shares, the short-interest ratio is currently 0.0 days.
D. Boral ARC Acquisition I Trading Up 6.7%
Shares of NASDAQ BCARW traded up $0.11 during midday trading on Friday, hitting $1.74. 48,296 shares of the company’s stock were exchanged, compared to its average volume of 257,265. The business’s 50 day moving average is $1.36. D. Boral ARC Acquisition I has a twelve month low of $0.14 and a twelve month high of $2.55.
About D. Boral ARC Acquisition I
D. Boral ARC Acquisition I (NASDAQ: BCARW) is a special purpose acquisition company (SPAC), commonly called a blank‑check company. Its principal business purpose is to raise capital from public markets and use those funds, typically held in a trust account, to effect a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more operating businesses.
As a SPAC, D. Boral ARC Acquisition I does not operate an active commercial business or offer products or services prior to completing a business combination.
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