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

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 20,547 shares, a drop of 45.4% from the January 15th total of 37,602 shares. Based on an average daily volume of 197,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 197,500 shares, the days-to-cover ratio is currently 0.1 days.

Bleichroeder Acquisition Corp. I Stock Performance

Bleichroeder Acquisition Corp. I stock opened at $10.53 on Friday. Bleichroeder Acquisition Corp. I has a 52 week low of $9.95 and a 52 week high of $13.21. The firm’s 50-day simple moving average is $10.73 and its 200 day simple moving average is $10.66.

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

Institutional Investors Weigh In On Bleichroeder Acquisition Corp. I

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

Analyst Upgrades and Downgrades

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