D. Boral Acquisition I Corp. (NASDAQ:DBCA) Shares Shorted: Short Interest Down 68.3% in September

D. Boral Acquisition I Corp. (NASDAQ:DBCA) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 124 shares, a decrease of 68.3% from the August 31st total of 391 shares. Based on an average daily trading volume, of 47,622 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

D. Boral Acquisition I Price Performance

NASDAQ:DBCA remained flat at $10.03 during midday trading on Friday. 28,725 shares of the company were exchanged, compared to its average volume of 76,911. The company’s 50 day moving average is $10.01. D. Boral Acquisition I has a 52 week low of $9.83 and a 52 week high of $10.10.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DBCA. Weiss Ratings raised D. Boral Acquisition I from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, August 18th. Wall Street Zen raised D. Boral Acquisition I to a “hold” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About D. Boral Acquisition I

D. Boral Acquisition I (NASDAQ: DBCA) is a special purpose acquisition company, or SPAC, formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses.

As a blank-check company, D. Boral Acquisition I does not have established commercial operations, products, or services of its own. Its activities are focused primarily on identifying and evaluating potential acquisition targets and completing a business combination.

The company’s future business profile will depend on the target it selects and any transaction it completes.