D. Boral Acquisition I Corp. (NASDAQ:DBCA) Shares Shorted: Short Interest Down 68.3% in September

D. Boral Acquisition I Corp. (NASDAQ:DBCA) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 124 shares, a drop of 68.3% from the August 31st total of 391 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 47,622 shares, the days-to-cover ratio is presently 0.0 days.

D. Boral Acquisition I Stock Performance

DBCA stock remained flat at $10.03 during trading on Friday. 28,725 shares of the company were exchanged, compared to its average volume of 76,911. D. Boral Acquisition I has a 12 month low of $9.83 and a 12 month high of $10.10. The business has a 50 day moving average of $10.01.

Analyst Ratings Changes

A number of brokerages recently commented on DBCA. Wall Street Zen upgraded D. Boral Acquisition I to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of D. Boral Acquisition I from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, D. Boral Acquisition I has an average rating of “Sell”.

About D. Boral Acquisition I

D. Boral Acquisition I (NASDAQ: DBCA) is a special purpose acquisition company, or SPAC, formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses.

As a blank-check company, D. Boral Acquisition I does not have established commercial operations, products, or services of its own. Its activities are focused primarily on identifying and evaluating potential acquisition targets and completing a business combination.

The company’s future business profile will depend on the target it selects and any transaction it completes.