Short Interest in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Declines By 78.4%

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 14,486 shares, a decrease of 78.4% from the December 15th total of 67,001 shares. Based on an average daily volume of 172,716 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 172,716 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bleichroeder Acquisition Corp. I has a consensus rating of “Sell”.

Hedge Funds Weigh In On Bleichroeder Acquisition Corp. I

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BCK Capital Management LP raised its position in shares of Bleichroeder Acquisition Corp. I by 20.5% during the 3rd quarter. BCK Capital Management LP now owns 120,531 shares of the company’s stock valued at $1,254,000 after buying an additional 20,531 shares in the last quarter. Sage Advisors LLC purchased a new stake in Bleichroeder Acquisition Corp. I during the fourth quarter valued at approximately $248,000. Clear Street Group Inc. bought a new stake in shares of Bleichroeder Acquisition Corp. I in the 3rd quarter valued at approximately $468,000. Clear Street LLC boosted its holdings in shares of Bleichroeder Acquisition Corp. I by 21,750.7% in the 2nd quarter. Clear Street LLC now owns 50,038 shares of the company’s stock worth $516,000 after purchasing an additional 49,809 shares during the period. Finally, Sandia Investment Management LP bought a new position in shares of Bleichroeder Acquisition Corp. I during the 3rd quarter valued at approximately $910,000.

Bleichroeder Acquisition Corp. I Price Performance

Shares of Bleichroeder Acquisition Corp. I stock opened at $10.80 on Wednesday. The stock has a 50 day moving average of $10.76 and a 200 day moving average of $10.62. Bleichroeder Acquisition Corp. I has a 12 month low of $9.88 and a 12 month high of $13.21.

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

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.