Short Interest in BEST SPAC I Acquisition Corp. (NASDAQ:BSAAU) Rises By 50.0%

BEST SPAC I Acquisition Corp. (NASDAQ:BSAAU) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 600 shares, an increase of 50.0% from the August 31st total of 400 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 21,300 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 21,300 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of BEST SPAC I Acquisition to a “hold” rating in a research note on Saturday, June 21st.

Institutional Trading of BEST SPAC I Acquisition

Large investors have recently made changes to their positions in the business. Radcliffe Capital Management L.P. purchased a new stake in shares of BEST SPAC I Acquisition in the 2nd quarter valued at $1,707,000. Boothbay Fund Management LLC purchased a new stake in BEST SPAC I Acquisition during the second quarter worth $1,632,000. AQR Arbitrage LLC purchased a new stake in BEST SPAC I Acquisition during the second quarter worth $1,506,000. Shaolin Capital Management LLC purchased a new stake in BEST SPAC I Acquisition during the second quarter worth $502,000. Finally, Jane Street Group LLC purchased a new stake in BEST SPAC I Acquisition during the second quarter worth $125,000.

BEST SPAC I Acquisition Trading Up 0.4%

BSAAU stock opened at $10.20 on Thursday. The company has a fifty day simple moving average of $10.14. BEST SPAC I Acquisition has a 12 month low of $10.01 and a 12 month high of $10.92.

BEST SPAC I Acquisition Company Profile

We are a blank check company incorporated in the British Virgin Islands as a business company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.