Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Get Free Report) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 7,400 shares, a decline of 62.8% from the August 31st total of 19,900 shares. Based on an average trading volume of 78,500 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are sold short. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 78,500 shares, the short-interest ratio is currently 0.1 days.
Bleichroeder Acquisition Corp. I Trading Down 0.2%
NASDAQ:BACQ traded down $0.02 during trading hours on Thursday, reaching $10.39. The company had a trading volume of 157 shares, compared to its average volume of 115,501. Bleichroeder Acquisition Corp. I has a 52 week low of $9.80 and a 52 week high of $11.34. The firm's 50 day moving average price is $10.36 and its 200-day moving average price is $10.24.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Bleichroeder Acquisition Corp. I to a "hold" rating in a report on Friday, June 27th.
View Our Latest Analysis on Bleichroeder Acquisition Corp. I
Institutional Investors Weigh In On Bleichroeder Acquisition Corp. I
A number of large investors have recently added to or reduced their stakes in BACQ. Meteora Capital LLC bought a new stake in shares of Bleichroeder Acquisition Corp. I during the 2nd quarter valued at $25,674,000. Continental General Insurance Co. bought a new stake in shares of Bleichroeder Acquisition Corp. I during the 1st quarter valued at $20,020,000. Wolverine Asset Management LLC lifted its stake in shares of Bleichroeder Acquisition Corp. I by 408.3% during the 1st quarter. Wolverine Asset Management LLC now owns 1,106,088 shares of the company's stock valued at $11,072,000 after buying an additional 888,474 shares in the last quarter. Moore Capital Management LP purchased a new position in shares of Bleichroeder Acquisition Corp. I during the 2nd quarter valued at $7,748,000. Finally, Alberta Investment Management Corp purchased a new position in shares of Bleichroeder Acquisition Corp. I during the 2nd quarter valued at $7,748,000.
About Bleichroeder Acquisition Corp. I
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Bleichroeder Acquisition Corp. I is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Andrew Stephen Gundlach and Michel Combes on June 24, 2024 and is headquartered in New York, NY.
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