Insight Digital Partners II (NASDAQ:DYOR) Shares Shorted: Short Interest Down 58.6% in September

Insight Digital Partners II (NASDAQ:DYOR) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 63 shares, a decline of 58.6% from the August 31st total of 152 shares. Based on an average daily trading volume, of 28,669 shares, the short-interest ratio is currently 0.0 days.

Insight Digital Partners II Trading Up 0.2%

Shares of DYOR stock traded up $0.02 during trading hours on Monday, hitting $10.15. 772 shares of the company were exchanged, compared to its average volume of 43,662. The firm has a fifty day simple moving average of $10.11 and a 200 day simple moving average of $10.05. Insight Digital Partners II has a 52-week low of $9.87 and a 52-week high of $10.47.

Insight Digital Partners II (NASDAQ:DYOR) last posted its earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Mint Tower Capital Management B.V. bought a new position in shares of Insight Digital Partners II during the fourth quarter valued at about $991,000. Bulldog Investors LLP lifted its position in Insight Digital Partners II by 57.0% during the first quarter. Bulldog Investors LLP now owns 323,088 shares of the company’s stock valued at $3,216,000 after buying an additional 117,290 shares during the period. Virtu Financial LLC bought a new stake in Insight Digital Partners II during the fourth quarter worth about $1,271,000. Governors Lane LP purchased a new stake in shares of Insight Digital Partners II in the 4th quarter worth approximately $1,486,000. Finally, Clear Street Group Inc. bought a new position in shares of Insight Digital Partners II during the fourth quarter valued at $1,776,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised Insight Digital Partners II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Insight Digital Partners II has a consensus rating of “Sell”.

About Insight Digital Partners II

Insight Digital Partners II (NASDAQ: DYOR) is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more operating companies. Rather than conducting an operating business of its own, the company’s primary objective is to identify a suitable merger, acquisition, or similar transaction.

The company is associated with the digital and technology sectors and may evaluate businesses involved in areas such as software, internet services, digital media, and related technologies.