D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) Sees Significant Decrease in Short Interest

D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) was the target of a large drop in short interest in 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 volume of 296,370 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of D. Boral ARC Acquisition I

A number of institutional investors and hedge funds have recently modified their holdings of BCAR. Meteora Capital LLC grew its stake in D. Boral ARC Acquisition I by 1,288.5% in the 4th quarter. Meteora Capital LLC now owns 1,928,291 shares of the company’s stock valued at $19,341,000 after buying an additional 1,789,416 shares during the last quarter. Wolverine Asset Management LLC lifted its position in D. Boral ARC Acquisition I by 33.5% during the 4th quarter. Wolverine Asset Management LLC now owns 1,134,863 shares of the company’s stock worth $11,383,000 after acquiring an additional 284,863 shares during the last quarter. Radcliffe Capital Management L.P. lifted its position in D. Boral ARC Acquisition I by 20.7% during the 4th quarter. Radcliffe Capital Management L.P. now owns 549,672 shares of the company’s stock worth $5,513,000 after acquiring an additional 94,323 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in D. Boral ARC Acquisition I during the fourth quarter valued at about $5,015,000. Finally, Magnetar Financial LLC bought a new stake in D. Boral ARC Acquisition I during the fourth quarter valued at about $4,764,000. 4.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of D. Boral ARC Acquisition I in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, D. Boral ARC Acquisition I currently has a consensus rating of “Sell”.

D. Boral ARC Acquisition I Trading Down 0.1%

Shares of NASDAQ BCAR opened at $10.36 on Friday. The firm’s 50-day moving average is $10.59. D. Boral ARC Acquisition I has a 52 week low of $9.88 and a 52 week high of $11.17.

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

D. Boral ARC Acquisition I Company Profile

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.