Short Interest in Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) Declines By 22.3%

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 21,051 shares, a decline of 22.3% from the December 15th total of 27,076 shares. Based on an average daily trading volume, of 48,847 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 48,847 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Bold Eagle Acquisition Corp. – Class A Ordinary Shares

Large investors have recently added to or reduced their stakes in the business. Cannon Global Investment Management LLC purchased a new stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the second quarter valued at approximately $168,000. Wealthspring Capital LLC bought a new stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the 2nd quarter valued at $249,000. Clear Street LLC purchased a new stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the 2nd quarter worth $292,000. Clear Street Group Inc. purchased a new stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the 3rd quarter worth $446,000. Finally, FNY Investment Advisers LLC raised its holdings in Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 3,988.6% in the 4th quarter. FNY Investment Advisers LLC now owns 71,550 shares of the company’s stock worth $756,000 after purchasing an additional 69,800 shares during the period.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Stock Performance

BEAG stock opened at $10.75 on Monday. Bold Eagle Acquisition Corp. – Class A Ordinary Shares has a 1 year low of $9.87 and a 1 year high of $11.20. The stock’s fifty day moving average price is $10.62 and its 200-day moving average price is $10.54.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) last posted its earnings results on Thursday, November 13th. The company reported $0.08 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bold Eagle Acquisition Corp. – Class A Ordinary Shares presently has a consensus rating of “Sell”.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Company Profile

Bold Eagle Acquisition Corp. is a Delaware-incorporated special purpose acquisition company whose Class A ordinary shares trade on the Nasdaq under the ticker BEAG. The company was formed to raise capital through an initial public offering, providing investors with the opportunity to participate in a business combination with one or more target companies.

As a blank‐check company, Bold Eagle Acquisition has not yet announced a definitive merger or acquisition target. Its mandate allows it to pursue transactions across a wide range of industries and geographies, subject to approval by its shareholders and regulatory requirements.

Bold Eagle Acquisition’s operations are overseen by a board and management team with experience in capital markets and corporate strategy.