D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) Sees Significant Increase in Short Interest

D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 75,543 shares, a growth of 78.6% from the May 31st total of 42,286 shares. Based on an average daily volume of 658,776 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On D. Boral ARC Acquisition I

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in D. Boral ARC Acquisition I during the fourth quarter valued at approximately $127,000. Heights Capital Management Inc. purchased a new stake in D. Boral ARC Acquisition I during the fourth quarter valued at about $248,000. PenderFund Capital Management Ltd. bought a new position in D. Boral ARC Acquisition I during the 4th quarter worth approximately $295,000. ABC Arbitrage SA bought a new position in shares of D. Boral ARC Acquisition I in the fourth quarter worth approximately $351,000. Finally, Stoic Point Capital Management LLC bought a new stake in D. Boral ARC Acquisition I in the 4th quarter worth $531,000. Institutional investors own 4.33% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of D. Boral ARC Acquisition I in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, D. Boral ARC Acquisition I has a consensus rating of “Sell”.

D. Boral ARC Acquisition I Stock Up 0.5%

D. Boral ARC Acquisition I stock opened at $10.51 on Friday. D. Boral ARC Acquisition I has a 1-year low of $9.88 and a 1-year high of $11.17. The firm has a 50 day simple moving average of $10.58.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last released its quarterly earnings data on Friday, May 15th. The company reported $0.07 earnings per share (EPS) for the quarter.

D. Boral ARC Acquisition I Company Profile

D. Boral ARC Acquisition I (NASDAQ: BCAR) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through a public offering and to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. As a SPAC, its primary activity is identifying and negotiating a business combination rather than conducting commercial operations itself.

Publicly available disclosures do not identify a confirmed target company, a specific industry focus or detailed information about the company’s leadership and sponsors in widely accessible sources.