Bleichroeder Acquisition Corp. III (NASDAQ:BCCQU) Sees Large Drop in Short Interest

Bleichroeder Acquisition Corp. III (NASDAQ:BCCQU) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 4,099 shares, a decrease of 42.4% from the August 31st total of 7,121 shares. Based on an average daily volume of 2,358 shares, the short-interest ratio is presently 1.7 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Bleichroeder Acquisition Corp. III to a “hold” rating in a research note on Sunday, July 12th.

Bleichroeder Acquisition Corp. III Stock Performance

Shares of NASDAQ:BCCQU traded down $0.05 on Wednesday, reaching $10.25. 243 shares of the company traded hands, compared to its average volume of 52,845. The firm has a 50 day simple moving average of $10.21. Bleichroeder Acquisition Corp. III has a fifty-two week low of $9.50 and a fifty-two week high of $10.75.

About Bleichroeder Acquisition Corp. III

Bleichroeder Acquisition Corp. III (NASDAQ: BCCQU) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more operating businesses, which could include a merger, share exchange, asset acquisition, reorganization or similar transaction.

As a SPAC, Bleichroeder Acquisition Corp. III does not have an established operating business, products or services of its own. Its activities are primarily focused on raising capital through a public offering, evaluating potential acquisition targets and seeking shareholder approval for a proposed transaction.

The company’s public units trade under the symbol BCCQU.