D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) Shares Shorted: Short Interest Up 1,706.5% in October

D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 708,675 shares, a growth of 1,706.5% from the October 15th total of 39,229 shares. Based on an average trading volume of 30,228,967 shares, the short-interest ratio is presently 0.0 days. Currently, 2.1% of the company’s stock are sold short.

Analyst Ratings Changes

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

D. Boral ARC Acquisition I Price Performance

XLAB traded down $0.08 during mid-day trading on Tuesday, reaching $1.04. 1,128,200 shares of the stock were exchanged, compared to its average volume of 17,852,160. The company has a 50 day moving average price of $3.25 and a two-hundred day moving average price of $8.56. D. Boral ARC Acquisition I has a 1 year low of $0.78 and a 1 year high of $7.39.

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

Institutional Investors Weigh In On D. Boral ARC Acquisition I

A number of institutional investors have recently added to or reduced their stakes in the company. Harraden Circle Investments LLC increased its position in shares of D. Boral ARC Acquisition I by 23.9% during the 2nd quarter. Harraden Circle Investments LLC now owns 2,643,991 shares of the company’s stock valued at $27,577,000 after purchasing an additional 510,137 shares during the last quarter. DLD Asset Management LP grew its position in D. Boral ARC Acquisition I by 200.0% during the first quarter. DLD Asset Management LP now owns 400,000 shares of the company’s stock valued at $4,048,000 after buying an additional 266,667 shares during the period. FNY Investment Advisers LLC grew its position 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 during the period. Bank of America Corp DE purchased a new stake in D. Boral ARC Acquisition I during the first quarter worth about $1,012,000. Finally, Readystate Asset Management LP purchased a new stake in D. Boral ARC Acquisition I during the first quarter worth about $1,012,000.

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.