Duddell Street Acquisition Corp. (NASDAQ:DSAC) Short Interest Up 323.9% in May

Duddell Street Acquisition Corp. (NASDAQ:DSAC) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,764 shares, an increase of 323.9% from the May 14th total of 888 shares. Based on an average daily volume of 7,110 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on Duddell Street Acquisition in a report on Tuesday, May 26th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Duddell Street Acquisition currently has an average rating of “Sell”.

Duddell Street Acquisition Stock Performance

Duddell Street Acquisition stock traded up $0.01 during trading on Friday, reaching $10.05. The company had a trading volume of 2,025 shares, compared to its average volume of 72,565. Duddell Street Acquisition has a 52 week low of $9.90 and a 52 week high of $10.05. The business’s 50-day moving average is $9.96.

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.