Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Short Interest Update

Digital Asset Acquisition Corp. (NASDAQ:DAAQW) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 15,116 shares, an increase of 129.3% from the July 15th total of 6,591 shares. Based on an average daily trading volume, of 6,235 shares, the days-to-cover ratio is currently 2.4 days.

Digital Asset Acquisition Price Performance

NASDAQ DAAQW traded down $0.07 on Friday, hitting $0.17. The stock had a trading volume of 36,612 shares, compared to its average volume of 17,461. The business’s fifty day moving average price is $0.39 and its 200 day moving average price is $0.40. Digital Asset Acquisition has a 52-week low of $0.15 and a 52-week high of $0.90.

About Digital Asset Acquisition

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.