D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) Short Interest Up 123.7% in July

D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 67,768 shares, an increase of 123.7% from the July 15th total of 30,288 shares. Based on an average daily trading volume, of 642,460 shares, the days-to-cover ratio is currently 0.1 days.

D. Boral ARC Acquisition I Trading Down 3.8%

BCAR opened at $5.83 on Friday. The firm has a fifty day moving average price of $8.89 and a 200 day moving average price of $9.80. D. Boral ARC Acquisition I has a 1 year low of $4.00 and a 1 year high of $11.17.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered D. Boral ARC Acquisition I from a “sell (e+)” rating to a “sell (e)” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On D. Boral ARC Acquisition I

Hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC grew its position in shares of D. Boral ARC Acquisition I by 33.5% during the 4th quarter. Wolverine Asset Management LLC now owns 1,134,863 shares of the company’s stock valued at $11,383,000 after acquiring an additional 284,863 shares during the period. ABC Arbitrage SA acquired a new position in D. Boral ARC Acquisition I in the 4th quarter worth about $351,000. HighTower Advisors LLC acquired a new position in D. Boral ARC Acquisition I in the 4th quarter worth about $1,694,000. Picton Mahoney Asset Management purchased a new position in D. Boral ARC Acquisition I during the fourth quarter worth approximately $2,758,000. Finally, StoneX Group Inc. boosted its position in D. Boral ARC Acquisition I by 4.5% during the fourth quarter. StoneX Group Inc. now owns 78,393 shares of the company’s stock worth $786,000 after purchasing an additional 3,393 shares in the last quarter. 4.33% of the stock is owned by hedge funds and other institutional investors.

About D. Boral ARC Acquisition I

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.