Berenson Acquisition Corp. I (NYSE:BACA – Get Rating) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 18,400 shares, an increase of 18.7% from the August 15th total of 15,500 shares. Approximately 0.1% of the company's stock are short sold. Based on an average daily volume of 68,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Berenson Acquisition Corp. I

A number of large investors have recently added to or reduced their stakes in the company. Centiva Capital LP acquired a new position in Berenson Acquisition Corp. I during the 2nd quarter worth $220,000. Toronto Dominion Bank acquired a new position in Berenson Acquisition Corp. I during the 1st quarter worth $513,000. Basso Capital Management L.P. grew its holdings in Berenson Acquisition Corp. I by 142.1% during the 1st quarter. Basso Capital Management L.P. now owns 60,532 shares of the company's stock worth $590,000 after acquiring an additional 35,532 shares in the last quarter. Bank of Montreal Can acquired a new position in Berenson Acquisition Corp. I during the 4th quarter worth $972,000. Finally, Karpus Management Inc. acquired a new position in Berenson Acquisition Corp. I during the 2nd quarter worth $1,318,000. 77.35% of the stock is owned by institutional investors and hedge funds.

Berenson Acquisition Corp. I Price Performance

BACA opened at $9.82 on Friday. The company has a fifty day simple moving average of $9.81 and a 200 day simple moving average of $9.78. Berenson Acquisition Corp. I has a twelve month low of $9.65 and a twelve month high of $9.86.

About Berenson Acquisition Corp. I

Berenson Acquisition Corp. I does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses its search on a target business that operate in the software and technology-enabled services industry.

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