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

Digital Asset Acquisition Corp. (NASDAQ:DAAQ) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 10,915 shares, a growth of 118.0% from the April 30th total of 5,008 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 51,751 shares, the short-interest ratio is presently 0.2 days.

Digital Asset Acquisition Stock Performance

Digital Asset Acquisition stock traded down $0.01 during trading hours on Friday, hitting $10.31. The stock had a trading volume of 40,432 shares, compared to its average volume of 39,707. Digital Asset Acquisition has a 12-month low of $10.05 and a 12-month high of $11.24. The stock has a 50-day simple moving average of $10.28.

Digital Asset Acquisition (NASDAQ:DAAQ) last issued its earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter.

Institutional Trading of Digital Asset Acquisition

A number of institutional investors have recently made changes to their positions in DAAQ. Berkley W R Corp purchased a new stake in shares of Digital Asset Acquisition during the 1st quarter valued at about $7,796,000. Alberta Investment Management Corp purchased a new stake in shares of Digital Asset Acquisition during the 4th quarter valued at about $5,610,000. Radcliffe Capital Management L.P. boosted its holdings in shares of Digital Asset Acquisition by 267.4% during the 4th quarter. Radcliffe Capital Management L.P. now owns 474,579 shares of the company’s stock valued at $4,822,000 after acquiring an additional 345,411 shares during the last quarter. Sona Asset Management US LLC purchased a new stake in shares of Digital Asset Acquisition during the 1st quarter valued at about $2,614,000. Finally, Verition Fund Management LLC boosted its holdings in shares of Digital Asset Acquisition by 73.7% during the 4th quarter. Verition Fund Management LLC now owns 338,914 shares of the company’s stock valued at $3,457,000 after acquiring an additional 143,758 shares during the last quarter.

Digital Asset Acquisition Company Profile

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.