Bleichroeder Acquisition Corp. III (NASDAQ:BCCQU) Stock Short Interest Falls 38.6%

Bleichroeder Acquisition Corp. III (NASDAQ:BCCQU) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,851 shares, a decline of 38.6% from the September 30th total of 3,014 shares. Based on an average daily trading volume, of 1,042 shares, the days-to-cover ratio is presently 1.8 days.

Analysts Set New Price Targets

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

Bleichroeder Acquisition Corp. III Trading Up 0.5%

NASDAQ BCCQU traded up $0.05 during trading on Monday, hitting $10.13. The company had a trading volume of 1,021 shares, compared to its average volume of 40,573. Bleichroeder Acquisition Corp. III has a one year low of $9.50 and a one year high of $10.75. The stock has a fifty day simple moving average of $10.21.

Bleichroeder Acquisition Corp. III Company Profile

Bleichroeder Acquisition Corp. III is a special purpose acquisition company, or SPAC, organized to identify and complete a merger, share exchange, asset acquisition, share purchase, recapitalization, or similar business combination with one or more operating businesses.

As an acquisition company, Bleichroeder Acquisition Corp. III does not conduct significant commercial operations or offer products and services of its own. Its activities are focused on evaluating potential target companies and pursuing a transaction intended to create a publicly traded operating business.

The company’s units trade on the Nasdaq under the symbol BCCQU.