Berenson Acquisition Corp. I (NYSE:BACA – Get Rating) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 2,400 shares, a decline of 11.1% from the November 30th total of 2,700 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 146,500 shares, the days-to-cover ratio is currently 0.0 days.
Hedge Funds Weigh In On Berenson Acquisition Corp. I
Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can increased its position in shares of Berenson Acquisition Corp. I by 212.0% during the 1st quarter. Bank of Montreal Can now owns 312,000 shares of the company's stock valued at $3,039,000 after purchasing an additional 212,000 shares during the last quarter. Basso Capital Management L.P. increased its position in shares of 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 valued at $590,000 after purchasing an additional 35,532 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Berenson Acquisition Corp. I during the 1st quarter valued at about $7,974,000. Saba Capital Management L.P. increased its position in shares of Berenson Acquisition Corp. I by 54.5% during the 1st quarter. Saba Capital Management L.P. now owns 1,065,778 shares of the company's stock valued at $10,391,000 after purchasing an additional 375,870 shares during the last quarter. Finally, Karpus Management Inc. purchased a new stake in shares of Berenson Acquisition Corp. I during the 2nd quarter valued at about $1,318,000. Hedge funds and other institutional investors own 76.29% of the company's stock.
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Berenson Acquisition Corp. I Price Performance
Shares of NYSE:BACA opened at $10.04 on Monday. Berenson Acquisition Corp. I has a fifty-two week low of $9.65 and a fifty-two week high of $10.43. The business has a 50-day simple moving average of $9.99 and a two-hundred day simple moving average of $9.88.
About Berenson Acquisition Corp. I
(Get Rating)
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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