Short Interest in Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Drops By 77.4%

Digital Asset Acquisition Corp. (NASDAQ:DAAQW) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 76 shares, a decline of 77.4% from the April 30th total of 337 shares. Based on an average trading volume of 2,796 shares, the days-to-cover ratio is presently 0.0 days.

Digital Asset Acquisition Price Performance

DAAQW traded down $0.05 during trading on Friday, reaching $0.45. 200 shares of the company’s stock were exchanged, compared to its average volume of 22,675. Digital Asset Acquisition has a one year low of $0.32 and a one year high of $1.15. The stock has a fifty day moving average price of $0.40.

Digital Asset Acquisition Company Profile

We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.