Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) Short Interest Down 38.1% in March

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 9,650 shares, a decline of 38.1% from the March 15th total of 15,591 shares. Based on an average daily volume of 26,694 shares, the short-interest ratio is currently 0.4 days.

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

Several hedge funds have recently made changes to their positions in the business. Harraden Circle Investments LLC purchased a new position in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the fourth quarter valued at approximately $27,040,000. Centiva Capital LP grew its stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 455.4% in the third quarter. Centiva Capital LP now owns 1,567,798 shares of the company’s stock worth $16,305,000 after purchasing an additional 1,285,514 shares during the period. Meteora Capital LLC grew its stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 192.8% in the third quarter. Meteora Capital LLC now owns 1,361,224 shares of the company’s stock worth $14,157,000 after purchasing an additional 896,297 shares during the period. Lighthouse Investment Partners LLC grew its stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 78.6% in the second quarter. Lighthouse Investment Partners LLC now owns 1,250,000 shares of the company’s stock worth $13,088,000 after purchasing an additional 550,000 shares during the period. Finally, Hudson Bay Capital Management LP grew its stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 627.2% in the third quarter. Hudson Bay Capital Management LP now owns 1,020,311 shares of the company’s stock worth $10,611,000 after purchasing an additional 880,000 shares during the period.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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

BEAG opened at $10.55 on Tuesday. Bold Eagle Acquisition Corp. – Class A Ordinary Shares has a 52-week low of $10.09 and a 52-week high of $11.20. The stock’s 50 day moving average price is $10.55 and its 200-day moving average price is $10.60.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) last posted its earnings results on Monday, March 23rd. The company reported $0.07 earnings per share (EPS) for the quarter.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Company Profile

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.