D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) Shares Shorted: Short Interest Down 40.1% in September

D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 43,764 shares, a decline 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 stock are short sold.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On D. Boral ARC Acquisition I

Several institutional investors have recently made changes to their positions in the company. Harraden Circle Investments LLC raised its position in D. Boral ARC Acquisition I by 23.9% during the second quarter. Harraden Circle Investments LLC now owns 2,643,991 shares of the company’s stock valued at $27,577,000 after acquiring an additional 510,137 shares in the last quarter. FNY Investment Advisers LLC grew its position in 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 worth $3,013,000 after acquiring an additional 198,218 shares in the last quarter. Bank of America Corp DE bought a new stake in D. Boral ARC Acquisition I in the first quarter worth approximately $1,012,000. Readystate Asset Management LP bought a new stake in D. Boral ARC Acquisition I in the first quarter worth approximately $1,012,000. Finally, Berkley W R Corp increased its stake in shares of 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 worth $2,296,000 after purchasing an additional 3,686 shares during the last quarter.

D. Boral ARC Acquisition I Trading Up 49.7%

Shares of NASDAQ:XLAB opened at $1.36 on Friday. D. Boral ARC Acquisition I has a 1 year low of $0.78 and a 1 year high of $7.39. The business has a fifty day simple moving average of $4.42 and a 200 day simple moving average of $8.64.

D. Boral ARC Acquisition I (NASDAQ:XLAB) last released its quarterly earnings data on Friday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

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.