Short Interest in Duddell Street Acquisition Corp. (NASDAQ:DSAC) Declines By 45.3%

Duddell Street Acquisition Corp. (NASDAQ:DSAC) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 10,318 shares, a decline of 45.3% from the July 30th total of 18,878 shares. Based on an average daily volume of 16,923 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

Duddell Street Acquisition Stock Up 0.2%

NASDAQ DSAC traded up $0.02 during trading on Tuesday, reaching $10.17. 21,872 shares of the company traded hands, compared to its average volume of 75,794. Duddell Street Acquisition has a 1-year low of $9.90 and a 1-year high of $10.47. The stock’s 50 day moving average price is $10.15 and its two-hundred day moving average price is $10.03.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Duddell Street Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently 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.