Short Interest in Berenson Acquisition Corp. I (NYSE:BACA) Decreases By 21.7%

Berenson Acquisition Corp. I (NYSE:BACAGet Rating) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 4,700 shares, a drop of 21.7% from the March 15th total of 6,000 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 27,100 shares, the short-interest ratio is presently 0.2 days.

Several large investors have recently added to or reduced their stakes in BACA. Goldman Sachs Group Inc. acquired a new stake in shares of Berenson Acquisition Corp. I during the 4th quarter worth about $1,456,000. Toroso Investments LLC acquired a new stake in shares of Berenson Acquisition Corp. I during the 4th quarter worth about $261,000. Citadel Advisors LLC acquired a new stake in shares of Berenson Acquisition Corp. I during the 4th quarter worth about $154,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Berenson Acquisition Corp. I during the 4th quarter worth about $9,012,000. Finally, Saba Capital Management L.P. increased its position in shares of Berenson Acquisition Corp. I by 245.0% during the 4th quarter. Saba Capital Management L.P. now owns 689,908 shares of the company’s stock worth $6,671,000 after purchasing an additional 489,908 shares in the last quarter. 84.24% of the stock is owned by institutional investors.

NYSE:BACA opened at $9.77 on Monday. The stock’s 50-day simple moving average is $9.72. Berenson Acquisition Corp. I has a 52 week low of $9.65 and a 52 week high of $9.78.

Berenson Acquisition Corp. I Company Profile (Get Rating)

Berenson Acquisition Corp. I focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on target businesses that operate in the software and technology-enabled services industry. The company was incorporated in 2021 and is based in New York, New York.

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