D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) Short Interest Down 44.3% in June

D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 42,103 shares, a drop of 44.3% from the June 15th total of 75,543 shares. Based on an average daily trading volume, of 296,370 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in D. Boral ARC Acquisition I in the 4th quarter valued at about $127,000. Heights Capital Management Inc. bought a new position in D. Boral ARC Acquisition I during the fourth quarter worth about $248,000. PenderFund Capital Management Ltd. purchased a new position in shares of D. Boral ARC Acquisition I in the fourth quarter worth about $295,000. ABC Arbitrage SA purchased a new position in shares of D. Boral ARC Acquisition I in the fourth quarter worth about $351,000. Finally, Stoic Point Capital Management LLC bought a new stake in shares of D. Boral ARC Acquisition I in the fourth quarter valued at approximately $531,000. Institutional investors own 4.33% of the company’s stock.

D. Boral ARC Acquisition I Stock Down 0.0%

Shares of BCAR stock opened at $10.38 on Thursday. The business’s 50 day moving average is $10.60. D. Boral ARC Acquisition I has a 12-month low of $9.88 and a 12-month high of $11.17.

D. Boral ARC Acquisition I (NASDAQ:BCAR) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.07 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of D. Boral ARC Acquisition I in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About D. Boral ARC Acquisition I

D. Boral ARC Acquisition I (NASDAQ: BCAR) is a special purpose acquisition company (SPAC), commonly referred to as a blank?check company, formed to raise capital through a public offering and to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. As a SPAC, its primary activity is identifying and negotiating a business combination rather than conducting commercial operations itself.

Publicly available disclosures do not identify a confirmed target company, a specific industry focus or detailed information about the company’s leadership and sponsors in widely accessible sources.