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

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

Bleichroeder Acquisition Corp. I Price Performance

NASDAQ BACQ opened at $10.61 on Thursday. Bleichroeder Acquisition Corp. I has a 52-week low of $9.91 and a 52-week high of $13.21. The business’s 50-day moving average price is $10.76 and its 200 day moving average price is $10.65.

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

Institutional Trading of Bleichroeder Acquisition Corp. I

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cannon Global Investment Management LLC purchased a new position in Bleichroeder Acquisition Corp. I during the fourth quarter worth about $949,000. PFG Investments LLC purchased a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter valued at approximately $161,000. FNY Investment Advisers LLC acquired a new position in Bleichroeder Acquisition Corp. I during the 4th quarter worth approximately $4,116,000. Sage Advisors LLC purchased a new position in shares of Bleichroeder Acquisition Corp. I during the 4th quarter worth approximately $248,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Bleichroeder Acquisition Corp. I during the 3rd quarter worth approximately $5,297,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Bleichroeder Acquisition Corp. I currently 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.