Bleichroeder Acquisition Corp. III (NASDAQ:BCCQU) Short Interest Up ? in July

Bleichroeder Acquisition Corp. III (NASDAQ:BCCQU) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 14,680 shares, a growth of ? from the June 30th total of 0 shares. Based on an average daily volume of 624,035 shares, the days-to-cover ratio is presently 0.0 days.

Bleichroeder Acquisition Corp. III Stock Down 0.2%

Bleichroeder Acquisition Corp. III stock traded down $0.03 during mid-day trading on Wednesday, reaching $10.07. 122,998 shares of the company’s stock traded hands, compared to its average volume of 153,641. Bleichroeder Acquisition Corp. III has a 12-month low of $10.04 and a 12-month high of $10.10.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Bleichroeder Acquisition Corp. III to a “hold” rating in a research note on Sunday, July 12th.

Bleichroeder Acquisition Corp. III Company Profile

Bleichroeder Acquisition Corp. III is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. As a blank check company, it does not operate a traditional commercial business of its own and instead focuses on identifying and completing an acquisition opportunity.

The company was organized to leverage the experience of its sponsor and management team in evaluating potential transaction targets.