Short Interest in DD3 Acquisition Corp. (NASDAQ:DDMX) Declines By 12.9%
DD3 Acquisition Corp. (NASDAQ:DDMX) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 10,100 shares, a drop of 12.9% from the January 15th total of 11,600 shares. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are short sold.
Shares of DDMX remained flat at $$9.95 on Friday. The business’s 50-day moving average price is $10.13 and its 200-day moving average price is $10.13. DD3 Acquisition has a 52 week low of $9.03 and a 52 week high of $10.76.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mizuho Securities USA LLC lifted its stake in shares of DD3 Acquisition by 0.8% in the 4th quarter. Mizuho Securities USA LLC now owns 302,500 shares of the company’s stock valued at $3,092,000 after purchasing an additional 2,500 shares during the period. Royal Bank of Canada bought a new position in DD3 Acquisition during the 2nd quarter valued at approximately $40,000. Mint Tower Capital Management B.V. bought a new position in DD3 Acquisition during the 4th quarter valued at approximately $1,022,000. Periscope Capital Inc. increased its position in DD3 Acquisition by 70.1% during the 3rd quarter. Periscope Capital Inc. now owns 503,913 shares of the company’s stock valued at $5,114,000 after buying an additional 207,613 shares in the last quarter. Finally, SPX Equities Gestao de Recursos Ltda bought a new position in DD3 Acquisition during the 4th quarter valued at approximately $2,900,000.
DD3 Acquisition Corp. focuses on entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with target businesses or entities. The company was founded in 2018 and is based in Mexico City, Mexico.
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