Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) Shares Shorted: Short Interest Up 2,162.2% in September

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 254,790 shares, a growth of 2,162.2% from the September 15th total of 11,263 shares. Based on an average daily volume of 1,502,960 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Bold Eagle Acquisition Corp. – Class A Ordinary Shares

Several large investors have recently modified their holdings of the company. Cannon Global Investment Management LLC increased its position in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 13.2% in the first quarter. Cannon Global Investment Management LLC now owns 28,300 shares of the company’s stock valued at $299,000 after buying an additional 3,300 shares in the last quarter. K2 Principal Fund L.P. lifted its stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 2.5% in the 4th quarter. K2 Principal Fund L.P. now owns 307,018 shares of the company’s stock valued at $3,248,000 after buying an additional 7,603 shares in the last quarter. Lineage Point Capital LP purchased a new position in Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the fourth quarter worth $637,000. Sona Asset Management US LLC acquired a new position in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the first quarter worth $990,000. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the second quarter valued at $1,038,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in a research report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Stock Performance

BEAG stock opened at $10.69 on Friday. Bold Eagle Acquisition Corp. – Class A Ordinary Shares has a fifty-two week low of $10.45 and a fifty-two week high of $11.11. The company’s 50 day moving average price is $10.74 and its 200 day moving average price is $10.66.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.03 earnings per share for the quarter.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Company Profile

Bold Eagle Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC), whose Class A ordinary shares trade on the Nasdaq under the symbol BEAG.

The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses. Until a transaction is completed, Bold Eagle Acquisition Corp. does not have significant operating activities, products, or services of its own.

The company’s publicly available business materials do not identify a completed acquisition or a specific target industry, geographic market, or operating business.