D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) Stock Short Interest Climbs 1,706.5%

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

D. Boral ARC Acquisition I Stock Performance

D. Boral ARC Acquisition I stock opened at $1.04 on Wednesday. The firm’s 50 day moving average price is $3.25 and its two-hundred day moving average price is $8.56. D. Boral ARC Acquisition I has a 1 year low of $0.78 and a 1 year high of $7.39.

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.

Wall Street Analysts Forecast Growth

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

Institutional Trading of D. Boral ARC Acquisition I

Several large investors have recently made changes to their positions in XLAB. Harraden Circle Investments LLC boosted its position in D. Boral ARC Acquisition I by 23.9% during the 2nd quarter. Harraden Circle Investments LLC now owns 2,643,991 shares of the company’s stock worth $27,577,000 after buying an additional 510,137 shares during the period. DLD Asset Management LP lifted its holdings in shares of D. Boral ARC Acquisition I by 200.0% during the 1st quarter. DLD Asset Management LP now owns 400,000 shares of the company’s stock valued at $4,048,000 after buying an additional 266,667 shares during the period. FNY Investment Advisers LLC lifted its position in shares of D. Boral ARC Acquisition I by 218.6% in the second quarter. FNY Investment Advisers LLC now owns 288,889 shares of the company’s stock valued at $3,013,000 after acquiring an additional 198,218 shares in the last quarter. Berkley W R Corp boosted its holdings in D. Boral ARC Acquisition I by 1.7% during the 1st quarter. Berkley W R Corp now owns 226,854 shares of the company’s stock valued at $2,296,000 after acquiring an additional 3,686 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of D. Boral ARC Acquisition I during the first quarter valued at about $1,012,000.

D. Boral ARC Acquisition I Company Profile

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.