Duddell Street Acquisition Corp. (NASDAQ:DSAC – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 3,764 shares, a growth of 323.9% from the May 14th total of 888 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 7,110 shares, the days-to-cover ratio is currently 0.5 days.
Duddell Street Acquisition Trading Up 0.1%
Shares of DSAC stock traded up $0.01 during mid-day trading on Thursday, hitting $10.04. The stock had a trading volume of 6,935 shares, compared to its average volume of 73,573. Duddell Street Acquisition has a 12-month low of $9.90 and a 12-month high of $10.05. The stock has a 50-day moving average of $9.95.
Wall Street Analyst Weigh In
Separately, Weiss Ratings started coverage on Duddell Street Acquisition in a research report on Tuesday, May 26th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.
Duddell Street Acquisition Company Profile
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.
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