Short Interest in Duddell Street Acquisition Corp. (NASDAQ:DSAC) Drops By 93.3%

Duddell Street Acquisition Corp. (NASDAQ:DSAC) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 696 shares, a decline of 93.3% from the August 15th total of 10,318 shares. Based on an average daily trading volume, of 78,035 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Duddell Street Acquisition Price Performance

NASDAQ DSAC remained flat at $10.19 on Thursday. The company’s stock had a trading volume of 1,256,846 shares, compared to its average volume of 84,285. The business has a 50 day moving average price of $10.16 and a 200-day moving average price of $10.04. Duddell Street Acquisition has a 12-month low of $9.90 and a 12-month high of $10.47.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DSAC. Wall Street Zen raised Duddell Street Acquisition to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings raised Duddell Street Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

About Duddell Street Acquisition

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.