BEST SPAC I Acquisition Corp. (NASDAQ:BSAA) Stock Short Interest Report for October

BEST SPAC I Acquisition Corp. (NASDAQ:BSAA) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 59 shares, a drop of 98.5% from the October 15th total of 3,964 shares. Based on an average daily volume of 1,375 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On BEST SPAC I Acquisition

A hedge fund recently raised its stake in BEST SPAC I Acquisition stock. Berkley W R Corp raised its holdings in shares of BEST SPAC I Acquisition Corp. (NASDAQ:BSAA) by 34.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 437,808 shares of the company’s stock after buying an additional 112,553 shares during the period. Berkley W R Corp owned about 5.92% of BEST SPAC I Acquisition worth $4,483,000 at the end of the most recent reporting period.

BEST SPAC I Acquisition Stock Performance

Shares of NASDAQ:BSAA traded down $0.11 during trading on Thursday, reaching $10.55. The stock had a trading volume of 394 shares, compared to its average volume of 959. The business has a fifty day moving average price of $10.89 and a 200-day moving average price of $11.00. BEST SPAC I Acquisition has a fifty-two week low of $10.09 and a fifty-two week high of $17.20.

BEST SPAC I Acquisition (NASDAQ:BSAA) last released its earnings results on Thursday, November 5th. The company reported $0.03 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised BEST SPAC I Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

BEST SPAC I Acquisition Company Profile

BEST SPAC I Acquisition Corp. (NASDAQ: BSAA) is a special purpose acquisition company, or SPAC. The company was established to raise capital through an initial public offering and use those proceeds to pursue a business combination, such as a merger, acquisition, or similar transaction, with one or more private businesses. As a SPAC, BEST SPAC I Acquisition does not operate a conventional business and does not offer products or services to customers. Its activities are primarily focused on evaluating potential target companies, negotiating a transaction, and completing a business combination within the timeframe established in its corporate and offering documents.