Duddell Street Acquisition Corp. (NASDAQ:DSAC) Sees Significant Growth in Short Interest

Duddell Street Acquisition Corp. (NASDAQ:DSAC) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 12,343 shares, a growth of 227.9% from the May 31st total of 3,764 shares. Based on an average trading volume of 50,296 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Duddell Street Acquisition Trading Down 0.2%

Duddell Street Acquisition stock traded down $0.02 during trading hours on Monday, hitting $10.10. 8,670 shares of the company traded hands, compared to its average volume of 67,076. The firm’s 50-day moving average price is $9.98. Duddell Street Acquisition has a 1-year low of $9.90 and a 1-year high of $10.47.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Duddell Street Acquisition in a research note on Tuesday, May 26th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Duddell Street Acquisition

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.