D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) Stock Short Interest Report for September

D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 43,764 shares, a drop of 40.1% from the September 15th total of 73,108 shares. Based on an average daily volume of 60,956 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On D. Boral ARC Acquisition I

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rangeley Capital LLC boosted its holdings in shares of D. Boral ARC Acquisition I by 114.4% during the first quarter. Rangeley Capital LLC now owns 72,430 shares of the company’s stock worth $771,000 after purchasing an additional 38,650 shares during the period. Bank of America Corp DE purchased a new position in D. Boral ARC Acquisition I during the first quarter valued at approximately $1,012,000. Readystate Asset Management LP acquired a new position in D. Boral ARC Acquisition I in the 1st quarter valued at approximately $1,012,000. Berkley W R Corp increased its stake in D. Boral ARC Acquisition I by 1.7% in the 1st quarter. Berkley W R Corp now owns 226,854 shares of the company’s stock valued at $2,296,000 after buying an additional 3,686 shares during the period. Finally, FNY Investment Advisers LLC increased its stake in D. Boral ARC Acquisition I by 218.6% in the 2nd quarter. FNY Investment Advisers LLC now owns 288,889 shares of the company’s stock valued at $3,013,000 after buying an additional 198,218 shares during the period.

D. Boral ARC Acquisition I Trading Down 1.8%

Shares of XLAB stock opened at $0.91 on Thursday. D. Boral ARC Acquisition I has a 1-year low of $0.83 and a 1-year high of $7.39. The stock’s fifty day simple moving average is $4.49 and its 200-day simple moving average is $8.71.

D. Boral ARC Acquisition I (NASDAQ:XLAB) last announced its quarterly earnings data 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 research report on Friday, August 14th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.

Limited publicly available information is available regarding the company’s target industry, geographic focus, operating history, and leadership.