Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) Shares Shorted: Short Interest Up 2,162.2% in September

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 254,790 shares, a growth of 2,162.2% from the September 15th total of 11,263 shares. Based on an average daily trading volume, of 1,502,960 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in a research report on Friday, September 25th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Bold Eagle Acquisition Corp. – Class A Ordinary Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Governors Lane LP raised its position in Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 20.0% in 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. SkyView Investment Advisors LLC bought a new position in Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the second quarter worth about $1,038,000. Fifth Lane Capital LP acquired a new stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the fourth quarter valued at approximately $2,610,000. Lineage Point Capital LP acquired a new stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the fourth quarter valued at approximately $637,000. 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 valued at approximately $990,000.

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

Shares of NASDAQ BEAG remained flat at $10.69 during trading hours on Friday. The company had a trading volume of 128,328 shares, compared to its average volume of 168,396. Bold Eagle Acquisition Corp. – Class A Ordinary Shares has a twelve month low of $10.45 and a twelve month high of $11.11. The stock has a fifty day moving average price of $10.74 and a two-hundred day moving average price of $10.66.

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

About Bold Eagle Acquisition Corp. – Class A Ordinary Shares

Bold Eagle Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC), whose Class A ordinary shares trade on the Nasdaq under the symbol BEAG.

The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses. Until a transaction is completed, Bold Eagle Acquisition Corp. does not have significant operating activities, products, or services of its own.

The company’s publicly available business materials do not identify a completed acquisition or a specific target industry, geographic market, or operating business.