D. Boral Acquisition I Corp. (NASDAQ:DBCA) Sees Large Increase in Short Interest

D. Boral Acquisition I Corp. (NASDAQ:DBCA) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 2,067 shares, a growth of 1,946.5% from the October 15th total of 101 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 22,155 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DBCA shares. Wall Street Zen upgraded D. Boral Acquisition I to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of D. Boral Acquisition I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

D. Boral Acquisition I Stock Performance

DBCA opened at $10.06 on Wednesday. D. Boral Acquisition I has a fifty-two week low of $9.83 and a fifty-two week high of $10.10. The firm’s fifty day moving average is $10.04 and its 200 day moving average is $9.97.

About D. Boral Acquisition I

D. Boral Acquisition I is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market under the symbol DBCA. The company was formed to pursue a business combination with an operating company or other business. Rather than conducting ongoing commercial operations or selling products and services, D. Boral Acquisition I seeks to raise capital through a public offering and use those funds, together with other financing, to complete a merger, acquisition, share exchange, or similar transaction.