Short Interest in D. Boral Acquisition I Corp. (NASDAQ:DBCA) Drops By 95.5%

D. Boral Acquisition I Corp. (NASDAQ:DBCA) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 391 shares, a decline of 95.5% from the August 15th total of 8,613 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 135,711 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several research firms have recently commented on DBCA. Weiss Ratings raised shares of D. Boral Acquisition I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, August 18th. Wall Street Zen upgraded shares of D. Boral Acquisition I to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, D. Boral Acquisition I currently has a consensus rating of “Sell”.

D. Boral Acquisition I Stock Performance

Shares of NASDAQ:DBCA traded down $0.01 during trading on Thursday, hitting $10.02. The stock had a trading volume of 27,696 shares, compared to its average volume of 81,900. D. Boral Acquisition I has a 12 month low of $9.83 and a 12 month high of $10.07. The company has a fifty day moving average of $10.00.

About D. Boral Acquisition I

D Boral Acquisition I Corp is a blank check company. It is formed as a BVI business company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.