D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) Short Interest Down 44.3% in June

D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 42,103 shares, a decline of 44.3% from the June 15th total of 75,543 shares. Based on an average trading volume of 296,370 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of D. Boral ARC Acquisition I in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, D. Boral ARC Acquisition I presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On D. Boral ARC Acquisition I

Institutional investors have recently added to or reduced their stakes in the business. Meteora Capital LLC boosted its position in shares of D. Boral ARC Acquisition I by 1,288.5% during the 4th 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 last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of D. Boral ARC Acquisition I in the fourth quarter worth approximately $5,015,000. Magnetar Financial LLC purchased a new stake in D. Boral ARC Acquisition I in the fourth quarter valued at approximately $4,764,000. Wolverine Asset Management LLC raised its stake in D. Boral ARC Acquisition I by 33.5% in the fourth 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 stake in D. Boral ARC Acquisition I during the fourth quarter valued at approximately $2,758,000. 4.33% of the stock is currently owned by institutional investors.

D. Boral ARC Acquisition I Stock Performance

NASDAQ BCAR opened at $10.38 on Thursday. The business has a 50 day moving average price of $10.60. D. Boral ARC Acquisition I has a 1 year low of $9.88 and a 1 year high of $11.17.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last released its quarterly earnings results on Friday, May 15th. The company reported $0.07 EPS for the quarter.

D. Boral ARC Acquisition I Company Profile

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.