Duddell Street Acquisition Corp. (NASDAQ:DSAC – Get Rating) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 70,700 shares, a growth of 895.8% from the June 30th total of 7,100 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 238,300 shares, the short-interest ratio is presently 0.3 days.
Duddell Street Acquisition Trading Up 0.3 %
Shares of NASDAQ:DSAC opened at $9.66 on Thursday. Duddell Street Acquisition has a twelve month low of $8.77 and a twelve month high of $10.95. The company has a 50-day moving average price of $9.94 and a two-hundred day moving average price of $9.93.
Get Duddell Street Acquisition alerts:Wall Street Analysts Forecast Growth
Separately, Northland Securities began coverage on shares of Duddell Street Acquisition in a research report on Wednesday, July 6th. They set an "outperform" rating and a $13.00 target price for the company.
Hedge Funds Weigh In On Duddell Street Acquisition
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSAC. Woodline Partners LP bought a new position in Duddell Street Acquisition during the fourth quarter worth about $5,952,000. Ovata Capital Management Ltd bought a new position in shares of Duddell Street Acquisition in the fourth quarter valued at approximately $3,282,000. Omni Event Management Ltd bought a new position in shares of Duddell Street Acquisition in the fourth quarter valued at approximately $3,255,000. Graham Capital Wealth Management LLC boosted its position in shares of Duddell Street Acquisition by 2,103.6% in the first quarter. Graham Capital Wealth Management LLC now owns 322,932 shares of the company's stock valued at $3,205,000 after acquiring an additional 308,277 shares during the period. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of Duddell Street Acquisition in the fourth quarter valued at approximately $2,529,000. Institutional investors own 65.07% of the company's stock.About Duddell Street Acquisition
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Duddell Street Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Central, Hong Kong.
Further Reading
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