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

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 32,304 shares, a growth of 57.2% from the January 29th total of 20,547 shares. Based on an average daily volume of 245,054 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 245,054 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, major shareholder Goldman Sachs Group Inc sold 4,444 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $10.80, for a total transaction of $47,995.20. Following the completion of the sale, the insider owned 3,285,714 shares in the company, valued at $35,485,711.20. This represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders purchased 4,328 shares of company stock worth $46,776. 25.90% of the stock is owned by corporate insiders.

Institutional Trading of Bleichroeder Acquisition Corp. I

A number of institutional investors and hedge funds have recently modified their holdings of BACQ. Griffin Asset Management Inc. bought a new position in Bleichroeder Acquisition Corp. I during the 4th quarter worth approximately $118,000. Jane Street Group LLC acquired a new stake in Bleichroeder Acquisition Corp. I in the fourth quarter worth $141,000. PFG Investments LLC acquired a new stake in Bleichroeder Acquisition Corp. I in the fourth quarter worth $161,000. Sage Advisors LLC bought a new position in shares of Bleichroeder Acquisition Corp. I during the fourth quarter worth $248,000. Finally, Geode Capital Management LLC acquired a new position in shares of Bleichroeder Acquisition Corp. I in the 4th quarter valued at $279,000.

Bleichroeder Acquisition Corp. I Stock Down 0.2%

Shares of BACQ opened at $10.50 on Friday. Bleichroeder Acquisition Corp. I has a 52 week low of $9.95 and a 52 week high of $13.21. The company has a 50-day simple moving average of $10.66 and a 200-day simple moving average of $10.68.

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.