Short Interest in D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) Rises By 123.7%

D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 67,768 shares, an increase of 123.7% from the July 15th total of 30,288 shares. Based on an average daily trading volume, of 642,460 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered D. Boral ARC Acquisition I from a “sell (e+)” rating to a “sell (e)” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of D. Boral ARC Acquisition I

A number of institutional investors have recently made changes to their positions in BCAR. Meteora Capital LLC increased its stake in shares of D. Boral ARC Acquisition I by 1,288.5% during the fourth quarter. Meteora Capital LLC now owns 1,928,291 shares of the company’s stock valued at $19,341,000 after acquiring an additional 1,789,416 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in D. Boral ARC Acquisition I in the fourth quarter worth approximately $5,015,000. Magnetar Financial LLC acquired a new stake in D. Boral ARC Acquisition I in the fourth quarter worth approximately $4,764,000. Wolverine Asset Management LLC boosted its stake in D. Boral ARC Acquisition I by 33.5% during the 4th quarter. Wolverine Asset Management LLC now owns 1,134,863 shares of the company’s stock valued at $11,383,000 after purchasing an additional 284,863 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in D. Boral ARC Acquisition I during the 4th quarter valued at $2,758,000. 4.33% of the stock is owned by institutional investors and hedge funds.

D. Boral ARC Acquisition I Price Performance

Shares of NASDAQ BCAR traded down $0.23 during midday trading on Friday, reaching $5.83. 81,234 shares of the company traded hands, compared to its average volume of 581,403. D. Boral ARC Acquisition I has a 52 week low of $4.00 and a 52 week high of $11.17. The stock has a 50-day moving average price of $8.89 and a 200 day moving average price of $9.80.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.05 earnings per share for the quarter.

About D. Boral ARC Acquisition I

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.