Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Sees Significant Increase in Short Interest

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 37,602 shares, an increase of 159.6% from the December 31st total of 14,486 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 265,767 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 265,767 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Bleichroeder Acquisition Corp. I Stock Performance

Shares of Bleichroeder Acquisition Corp. I stock opened at $10.61 on Friday. Bleichroeder Acquisition Corp. I has a 52-week low of $9.91 and a 52-week high of $13.21. The stock’s 50-day simple moving average is $10.76 and its 200 day simple moving average is $10.65.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Bleichroeder Acquisition Corp. I

Several hedge funds have recently made changes to their positions in BACQ. PFG Investments LLC bought a new stake in shares of Bleichroeder Acquisition Corp. I during the 4th quarter valued at $161,000. Sage Advisors LLC purchased a new position in Bleichroeder Acquisition Corp. I during the 4th quarter valued at about $248,000. Clear Street Group Inc. bought a new stake in shares of Bleichroeder Acquisition Corp. I during the third quarter valued at about $468,000. Clear Street LLC lifted its holdings in shares of Bleichroeder Acquisition Corp. I by 21,750.7% in the second quarter. Clear Street LLC now owns 50,038 shares of the company’s stock worth $516,000 after buying an additional 49,809 shares in the last quarter. Finally, Sandia Investment Management LP purchased a new stake in shares of Bleichroeder Acquisition Corp. I in the third quarter worth about $910,000.

Bleichroeder Acquisition Corp. I Company Profile

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.