Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) Stock Short Interest Climbs 125.2%

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 11,263 shares, a growth of 125.2% from the August 31st total of 5,001 shares. Based on an average daily volume of 11,162 shares, the days-to-cover ratio is presently 1.0 days.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Price Performance

BEAG stock remained flat at $10.71 during trading on Friday. 71,272 shares of the company traded hands, compared to its average volume of 61,476. The firm has a fifty day moving average price of $10.74 and a 200 day moving average price of $10.65. Bold Eagle Acquisition Corp. – Class A Ordinary Shares has a 1-year low of $10.35 and a 1-year high of $11.11.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) last announced its earnings results on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Governors Lane LP raised its holdings in Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 20.0% during the fourth quarter. Governors Lane LP now owns 600,000 shares of the company’s stock worth $6,348,000 after purchasing an additional 100,000 shares in the last quarter. Fifth Lane Capital LP bought a new position in Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the 4th quarter valued at $2,610,000. Lineage Point Capital LP acquired a new position in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the 4th quarter valued at $637,000. SkyView Investment Advisors LLC acquired a new position in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the 2nd quarter valued at $1,038,000. Finally, Sona Asset Management US LLC bought a new stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the 1st quarter worth $990,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About Bold Eagle Acquisition Corp. – Class A Ordinary Shares

Bold Eagle Acquisition Corp. is a Delaware-incorporated special purpose acquisition company whose Class A ordinary shares trade on the Nasdaq under the ticker BEAG. The company was formed to raise capital through an initial public offering, providing investors with the opportunity to participate in a business combination with one or more target companies.

As a blank‐check company, Bold Eagle Acquisition has not yet announced a definitive merger or acquisition target. Its mandate allows it to pursue transactions across a wide range of industries and geographies, subject to approval by its shareholders and regulatory requirements.

Bold Eagle Acquisition’s operations are overseen by a board and management team with experience in capital markets and corporate strategy.