Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) Shares Shorted: Short Interest Up 2,162.2% in September

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 254,790 shares, an increase of 2,162.2% from the September 15th total of 11,263 shares. Based on an average daily trading volume, of 1,502,960 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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

Shares of NASDAQ:BEAG remained flat at $10.69 during trading on Friday. 128,328 shares of the stock were exchanged, compared to its average volume of 168,396. Bold Eagle Acquisition Corp. – Class A Ordinary Shares has a 52 week low of $10.45 and a 52 week high of $11.11. The firm has a 50 day simple moving average of $10.74 and a 200-day simple moving average of $10.66.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) last released its quarterly earnings results on Friday, August 14th. The company reported $0.03 EPS for the quarter.

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

Several large investors have recently made changes to their positions in BEAG. Cannon Global Investment Management LLC grew its stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 13.2% during the first quarter. Cannon Global Investment Management LLC now owns 28,300 shares of the company’s stock valued at $299,000 after purchasing an additional 3,300 shares during the last quarter. K2 Principal Fund L.P. raised its position in Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 2.5% in the 4th quarter. K2 Principal Fund L.P. now owns 307,018 shares of the company’s stock worth $3,248,000 after purchasing an additional 7,603 shares during the last quarter. Lineage Point Capital LP bought a new position in Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the 4th quarter worth approximately $637,000. Sona Asset Management US LLC acquired a new position in Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the 1st quarter worth $990,000. Finally, SkyView Investment Advisors LLC acquired a new position in Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the 2nd quarter worth $1,038,000.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Company Profile

Bold Eagle Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC), whose Class A ordinary shares trade on the Nasdaq under the symbol BEAG.

The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses. Until a transaction is completed, Bold Eagle Acquisition Corp. does not have significant operating activities, products, or services of its own.

The company’s publicly available business materials do not identify a completed acquisition or a specific target industry, geographic market, or operating business.