D. Boral ARC Acquisition I Corp. (NASDAQ:BCARW – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 3,948 shares, a drop of 75.1% from the May 14th total of 15,848 shares. Based on an average trading volume of 335,433 shares, the days-to-cover ratio is presently 0.0 days.
D. Boral ARC Acquisition I Price Performance
NASDAQ:BCARW traded up $0.03 during trading hours on Thursday, reaching $1.68. The stock had a trading volume of 91,781 shares, compared to its average volume of 258,495. The stock has a 50 day moving average of $1.34. D. Boral ARC Acquisition I has a 12-month low of $0.14 and a 12-month high of $2.55.
About D. Boral ARC Acquisition I
D. Boral ARC Acquisition I (NASDAQ: BCARW) is a special purpose acquisition company (SPAC), commonly called a blank‑check company. Its principal business purpose is to raise capital from public markets and use those funds, typically held in a trust account, to effect a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more operating businesses.
As a SPAC, D. Boral ARC Acquisition I does not operate an active commercial business or offer products or services prior to completing a business combination.
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