Berenson Acquisition Corp. I (NYSE:BACA – Get Rating) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 15,500 shares, an increase of 222.9% from the July 31st total of 4,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 54,300 shares, the short-interest ratio is presently 0.3 days.
Berenson Acquisition Corp. I Stock Performance
BACA opened at $9.83 on Friday. The company's 50 day moving average is $9.80 and its 200-day moving average is $9.76. Berenson Acquisition Corp. I has a 1-year low of $9.65 and a 1-year high of $9.85.
Get Berenson Acquisition Corp. I alerts:Institutional Investors Weigh In On Berenson Acquisition Corp. I
A number of hedge funds have recently made changes to their positions in the stock. Centiva Capital LP bought a new position in Berenson Acquisition Corp. I in the 2nd quarter valued at approximately $220,000. Toronto Dominion Bank bought a new position in Berenson Acquisition Corp. I in the 1st quarter valued at approximately $513,000. Basso Capital Management L.P. raised its holdings in Berenson Acquisition Corp. I by 142.1% in the 1st quarter. Basso Capital Management L.P. now owns 60,532 shares of the company's stock valued at $590,000 after buying an additional 35,532 shares during the last quarter. Bank of Montreal Can bought a new position in Berenson Acquisition Corp. I in the 4th quarter valued at approximately $972,000. Finally, Karpus Management Inc. bought a new position in Berenson Acquisition Corp. I in the 2nd quarter valued at approximately $1,318,000.
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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