Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Sees Significant Decline in Short Interest

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 20,547 shares, a decline of 45.4% from the January 15th total of 37,602 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 197,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 197,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Bleichroeder Acquisition Corp. I Trading Down 0.1%

Shares of NASDAQ BACQ opened at $10.52 on Friday. Bleichroeder Acquisition Corp. I has a twelve month low of $9.95 and a twelve month high of $13.21. The stock has a 50 day moving average of $10.72 and a two-hundred day moving average of $10.66.

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

Institutional Investors Weigh In On Bleichroeder Acquisition Corp. I

Several hedge funds have recently made changes to their positions in the business. Meteora Capital LLC purchased a new position in shares of Bleichroeder Acquisition Corp. I during the second quarter worth about $25,674,000. Highbridge Capital Management LLC acquired a new stake in Bleichroeder Acquisition Corp. I during the 4th quarter worth approximately $21,568,000. Harraden Circle Investments LLC purchased a new position in shares of Bleichroeder Acquisition Corp. I in the 4th quarter valued at approximately $10,245,000. Radcliffe Capital Management L.P. increased its holdings in shares of Bleichroeder Acquisition Corp. I by 628.0% in the third quarter. Radcliffe Capital Management L.P. now owns 912,239 shares of the company’s stock valued at $9,487,000 after purchasing an additional 786,939 shares during the period. Finally, Alberta Investment Management Corp purchased a new stake in shares of Bleichroeder Acquisition Corp. I during the second quarter worth 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.