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

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 14,486 shares, a decline of 78.4% from the December 15th total of 67,001 shares. Based on an average trading volume of 172,716 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 172,716 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bleichroeder Acquisition Corp. I has a consensus rating of “Sell”.

Bleichroeder Acquisition Corp. I Stock Up 0.1%

NASDAQ:BACQ traded up $0.01 during trading hours on Tuesday, hitting $10.81. The stock had a trading volume of 173,853 shares, compared to its average volume of 280,340. The business’s 50 day moving average is $10.75 and its 200-day moving average is $10.62. Bleichroeder Acquisition Corp. I has a one year low of $9.88 and a one year high of $13.21.

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

Institutional Investors Weigh In On Bleichroeder Acquisition Corp. I

Several institutional investors have recently added to or reduced their stakes in BACQ. Meteora Capital LLC bought a new position in Bleichroeder Acquisition Corp. I during the 2nd quarter worth about $25,674,000. Berkley W R Corp grew its holdings in shares of Bleichroeder Acquisition Corp. I by 121.3% during the second quarter. Berkley W R Corp now owns 1,211,019 shares of the company’s stock worth $12,486,000 after buying an additional 663,884 shares in the last quarter. Radcliffe Capital Management L.P. raised 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 buying an additional 786,939 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in Bleichroeder Acquisition Corp. I in the 2nd quarter valued at approximately $7,748,000. Finally, Moore Capital Management LP bought a new stake in Bleichroeder Acquisition Corp. I in the 2nd quarter valued at approximately $7,748,000.

About Bleichroeder Acquisition Corp. I

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.