D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) Stock Short Interest Report for September

D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 43,764 shares, a decrease of 40.1% from the September 15th total of 73,108 shares. Based on an average trading volume of 60,956 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of D. Boral ARC Acquisition I from a “sell (e)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On D. Boral ARC Acquisition I

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rangeley Capital LLC increased its stake in D. Boral ARC Acquisition I by 114.4% in the 1st quarter. Rangeley Capital LLC now owns 72,430 shares of the company’s stock worth $771,000 after purchasing an additional 38,650 shares in the last quarter. Bank of America Corp DE acquired a new stake in D. Boral ARC Acquisition I during the 1st quarter worth about $1,012,000. Readystate Asset Management LP purchased a new stake in D. Boral ARC Acquisition I during the first quarter valued at about $1,012,000. Berkley W R Corp lifted its stake in D. Boral ARC Acquisition I by 1.7% during 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. Finally, FNY Investment Advisers LLC lifted its stake in D. Boral ARC Acquisition I by 218.6% during the second quarter. FNY Investment Advisers LLC now owns 288,889 shares of the company’s stock valued at $3,013,000 after buying an additional 198,218 shares in the last quarter.

D. Boral ARC Acquisition I Stock Performance

D. Boral ARC Acquisition I stock opened at $0.91 on Thursday. D. Boral ARC Acquisition I has a 1 year low of $0.83 and a 1 year high of $7.39. The firm’s 50 day moving average price is $4.49 and its two-hundred day moving average price is $8.71.

D. Boral ARC Acquisition I (NASDAQ:XLAB) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.05 EPS for the quarter.

About D. Boral ARC Acquisition I

D. Boral ARC Acquisition I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction.

As a blank-check company, D. Boral ARC Acquisition I does not have established operating products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a suitable transaction, subject to shareholder approval and other customary conditions.

Limited publicly available information is available regarding the company’s target industry, geographic focus, operating history, and leadership.