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

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 67,001 shares, a growth of 128.3% from the November 30th total of 29,351 shares. Based on an average daily volume of 548,867 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 548,867 shares, the days-to-cover ratio is presently 0.1 days.

Bleichroeder Acquisition Corp. I Stock Down 0.3%

BACQ opened at $10.81 on Monday. Bleichroeder Acquisition Corp. I has a 12-month low of $9.85 and a 12-month high of $13.21. The firm’s fifty day moving average price is $10.88 and its 200 day moving average price is $10.59.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.00 EPS for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clear Street Group Inc. acquired a new stake in shares of Bleichroeder Acquisition Corp. I in the 3rd quarter worth about $468,000. Shaolin Capital Management LLC bought a new stake in shares of Bleichroeder Acquisition Corp. I during the third quarter valued at approximately $3,039,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of Bleichroeder Acquisition Corp. I during the third quarter worth approximately $5,440,000. Sandia Investment Management LP bought a new position in Bleichroeder Acquisition Corp. I in the 3rd quarter worth approximately $910,000. Finally, Radcliffe Capital Management L.P. increased its position in Bleichroeder Acquisition Corp. I by 628.0% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 912,239 shares of the company’s stock valued at $9,487,000 after acquiring an additional 786,939 shares during the period.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Bleichroeder Acquisition Corp. I currently has a consensus 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.