Short Interest in D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) Declines By 44.3%

D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 42,103 shares, a decline of 44.3% from the June 15th total of 75,543 shares. Based on an average daily volume of 296,370 shares, the days-to-cover ratio is currently 0.1 days.

D. Boral ARC Acquisition I Price Performance

Shares of D. Boral ARC Acquisition I stock traded down $0.01 during trading on Friday, hitting $10.37. 214,250 shares of the stock were exchanged, compared to its average volume of 604,107. The stock has a fifty day moving average of $10.60. D. Boral ARC Acquisition I has a 1-year low of $9.88 and a 1-year high of $11.17.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last issued its earnings results on Friday, May 15th. The company reported $0.07 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of D. Boral ARC Acquisition I in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BCAR. Jane Street Group LLC bought a new stake in shares of D. Boral ARC Acquisition I during the fourth quarter worth approximately $127,000. Heights Capital Management Inc. bought a new position in shares of D. Boral ARC Acquisition I during the fourth quarter worth approximately $248,000. PenderFund Capital Management Ltd. acquired a new stake in D. Boral ARC Acquisition I during the 4th quarter worth approximately $295,000. ABC Arbitrage SA bought a new stake in D. Boral ARC Acquisition I in the 4th quarter valued at $351,000. Finally, Stoic Point Capital Management LLC bought a new stake in D. Boral ARC Acquisition I in the 4th quarter valued at $531,000. 4.33% of the stock is currently owned by institutional investors.

D. Boral ARC Acquisition I Company Profile

D. Boral ARC Acquisition I (NASDAQ: BCAR) is a special purpose acquisition company (SPAC), commonly referred to as a blank?check company, formed to raise capital through a public offering and to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. As a SPAC, its primary activity is identifying and negotiating a business combination rather than conducting commercial operations itself.

Publicly available disclosures do not identify a confirmed target company, a specific industry focus or detailed information about the company’s leadership and sponsors in widely accessible sources.