D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) Sees Large Increase in Short Interest

D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 708,675 shares, an increase of 1,706.5% from the October 15th total of 39,229 shares. Based on an average trading volume of 30,228,967 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.1% of the company’s shares are sold short.

D. Boral ARC Acquisition I Stock Performance

Shares of D. Boral ARC Acquisition I stock opened at $1.04 on Thursday. The business has a 50-day moving average of $3.17 and a 200 day moving average of $8.51. D. Boral ARC Acquisition I has a 12 month low of $0.78 and a 12 month high of $7.39.

D. Boral ARC Acquisition I (NASDAQ:XLAB) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of D. Boral ARC Acquisition I from a “sell (e)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, D. Boral ARC Acquisition I has a consensus rating of “Sell”.

Institutional Investors Weigh In On D. Boral ARC Acquisition I

Large investors have recently added to or reduced their stakes in the business. Harraden Circle Investments LLC grew its stake in shares of D. Boral ARC Acquisition I by 23.9% in the second quarter. Harraden Circle Investments LLC now owns 2,643,991 shares of the company’s stock worth $27,577,000 after acquiring an additional 510,137 shares in the last quarter. DLD Asset Management LP boosted its holdings in D. Boral ARC Acquisition I by 200.0% in the first quarter. DLD Asset Management LP now owns 400,000 shares of the company’s stock valued at $4,048,000 after purchasing an additional 266,667 shares during the period. FNY Investment Advisers LLC grew its stake in D. Boral ARC Acquisition I by 218.6% during the 2nd quarter. FNY Investment Advisers LLC now owns 288,889 shares of the company’s stock worth $3,013,000 after purchasing an additional 198,218 shares in the last quarter. Bank of America Corp DE acquired a new position in D. Boral ARC Acquisition I during the 1st quarter worth $1,012,000. Finally, Readystate Asset Management LP acquired a new position in D. Boral ARC Acquisition I during the 1st quarter worth $1,012,000.

About D. Boral ARC Acquisition I

D. Boral ARC Acquisition I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction. As a blank-check company, D. Boral ARC Acquisition I does not have established operating products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a suitable transaction, subject to shareholder approval and other customary conditions.