Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Short Interest Up 80.6% in March

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 50,757 shares, a growth of 80.6% from the February 26th total of 28,107 shares. Based on an average daily volume of 333,220 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Bleichroeder Acquisition Corp. I

Hedge funds have recently made changes to their positions in the business. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Bleichroeder Acquisition Corp. I in the second quarter valued at $4,648,000. Radcliffe Capital Management L.P. raised its holdings in Bleichroeder Acquisition Corp. I by 628.0% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 912,239 shares of the company’s stock worth $9,487,000 after purchasing an additional 786,939 shares in the last quarter. Meteora Capital LLC bought a new position in Bleichroeder Acquisition Corp. I in the 2nd quarter worth $25,674,000. Berkley W R Corp lifted its position in shares of Bleichroeder Acquisition Corp. I by 121.3% in the 2nd quarter. Berkley W R Corp now owns 1,211,019 shares of the company’s stock worth $12,486,000 after purchasing an additional 663,884 shares during the period. Finally, Readystate Asset Management LP purchased a new stake in shares of Bleichroeder Acquisition Corp. I in the 3rd quarter worth about $916,000.

Bleichroeder Acquisition Corp. I Trading Up 2.3%

Bleichroeder Acquisition Corp. I stock opened at $7.85 on Friday. Bleichroeder Acquisition Corp. I has a 1-year low of $7.35 and a 1-year high of $13.21. The firm has a 50-day moving average of $9.83 and a 200-day moving average of $10.45.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

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

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.