Short Interest in Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Declines By 13.0%

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 28,107 shares, a decline of 13.0% from the February 12th total of 32,304 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 159,474 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 159,474 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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

Bleichroeder Acquisition Corp. I Price Performance

NASDAQ BACQ opened at $7.85 on Wednesday. Bleichroeder Acquisition Corp. I has a 12 month low of $7.35 and a 12 month high of $13.21. The stock’s fifty day moving average price is $10.30 and its 200-day moving average price is $10.59.

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

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.