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

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 32,304 shares, an increase of 57.2% from the January 29th total of 20,547 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 245,054 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 245,054 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Insider Activity

In other news, major shareholder Goldman Sachs Group Inc sold 4,444 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $10.80, for a total transaction of $47,995.20. Following the completion of the sale, the insider owned 3,285,714 shares of the company’s stock, valued at $35,485,711.20. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 4,328 shares of company stock valued at $46,776 in the last quarter. 25.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bleichroeder Acquisition Corp. I

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthspring Capital LLC purchased a new stake in shares of Bleichroeder Acquisition Corp. I during the 2nd quarter valued at approximately $1,810,000. BCK Capital Management LP acquired a new position in shares of Bleichroeder Acquisition Corp. I in the 2nd quarter worth approximately $1,031,000. Alberta Investment Management Corp purchased a new position in shares of Bleichroeder Acquisition Corp. I during the 2nd quarter worth approximately $7,748,000. Magnetar Financial LLC acquired a new stake in Bleichroeder Acquisition Corp. I in the 2nd quarter valued at approximately $3,102,000. Finally, Clear Street LLC increased its holdings in Bleichroeder Acquisition Corp. I by 21,750.7% in the 2nd quarter. Clear Street LLC now owns 50,038 shares of the company’s stock valued at $516,000 after purchasing an additional 49,809 shares during the last quarter.

Bleichroeder Acquisition Corp. I Price Performance

NASDAQ BACQ opened at $10.50 on Monday. The stock’s fifty day moving average is $10.66 and its two-hundred day moving average is $10.68. Bleichroeder Acquisition Corp. I has a fifty-two week low of $9.95 and a fifty-two week high of $13.21.

Wall Street Analyst Weigh In

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

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.