Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) Sees Large Decrease in Short Interest

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 21,051 shares, a drop of 22.3% from the December 15th total of 27,076 shares. Based on an average daily volume of 48,847 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 48,847 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Bold Eagle Acquisition Corp. – Class A Ordinary Shares

Several institutional investors and hedge funds have recently made changes to their positions in BEAG. Cannon Global Investment Management LLC purchased a new stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the second quarter worth about $168,000. Wealthspring Capital LLC bought a new stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the 2nd quarter valued at about $249,000. Clear Street LLC purchased a new stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the 2nd quarter worth approximately $292,000. Clear Street Group Inc. bought a new position in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the third quarter valued at approximately $446,000. Finally, FNY Investment Advisers LLC boosted its stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 3,988.6% during the fourth quarter. FNY Investment Advisers LLC now owns 71,550 shares of the company’s stock valued at $756,000 after purchasing an additional 69,800 shares in the last quarter.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Price Performance

BEAG stock traded up $0.08 during mid-day trading on Friday, reaching $10.75. The company had a trading volume of 4,590 shares, compared to its average volume of 38,645. The firm has a 50 day moving average of $10.62 and a 200 day moving average of $10.54. Bold Eagle Acquisition Corp. – Class A Ordinary Shares has a 12 month low of $9.87 and a 12 month high of $11.20.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.08 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bold Eagle Acquisition Corp. – Class A Ordinary Shares has a consensus rating of “Sell”.

About Bold Eagle Acquisition Corp. – Class A Ordinary Shares

Bold Eagle Acquisition Corp. is a Delaware-incorporated special purpose acquisition company whose Class A ordinary shares trade on the Nasdaq under the ticker BEAG. The company was formed to raise capital through an initial public offering, providing investors with the opportunity to participate in a business combination with one or more target companies.

As a blank?check company, Bold Eagle Acquisition has not yet announced a definitive merger or acquisition target. Its mandate allows it to pursue transactions across a wide range of industries and geographies, subject to approval by its shareholders and regulatory requirements.

Bold Eagle Acquisition’s operations are overseen by a board and management team with experience in capital markets and corporate strategy.