Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) Short Interest Update

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

Bleichroeder Acquisition Corp. I Trading Down 0.3%

Bleichroeder Acquisition Corp. I stock traded down $0.03 during midday trading on Friday, reaching $10.58. 457,804 shares of the company were exchanged, compared to its average volume of 218,107. The firm’s 50-day simple moving average is $10.76 and its 200-day simple moving average is $10.65. Bleichroeder Acquisition Corp. I has a 1 year low of $9.91 and a 1 year high of $13.21.

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

Hedge Funds Weigh In On Bleichroeder Acquisition Corp. I

Several institutional investors have recently bought and sold shares of BACQ. PFG Investments LLC bought a new position in shares of 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 in the fourth quarter valued at about $248,000. Clear Street Group Inc. acquired a new stake in shares of Bleichroeder Acquisition Corp. I in the 3rd quarter valued at approximately $468,000. Clear Street LLC raised its position in Bleichroeder Acquisition Corp. I by 21,750.7% during the second quarter. Clear Street LLC now owns 50,038 shares of the company’s stock worth $516,000 after acquiring an additional 49,809 shares in the last quarter. Finally, Sandia Investment Management LP bought a new position in shares of Bleichroeder Acquisition Corp. I in the 3rd quarter valued at about $910,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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, According to MarketBeat.com, Bleichroeder Acquisition Corp. I presently has a consensus rating of “Sell”.

About Bleichroeder Acquisition Corp. I

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.