Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Sees Large Increase in Short Interest

Digital Asset Acquisition Corp. (NASDAQ:DAAQW) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 337 shares, a growth of 434.9% from the April 15th total of 63 shares. Based on an average daily volume of 2,613 shares, the short-interest ratio is presently 0.1 days.

Digital Asset Acquisition Stock Down 11.5%

Shares of DAAQW traded down $0.05 during mid-day trading on Thursday, reaching $0.40. The company had a trading volume of 1,031 shares, compared to its average volume of 24,506. Digital Asset Acquisition has a fifty-two week low of $0.32 and a fifty-two week high of $1.15. The company’s fifty day simple moving average is $0.38.

About Digital Asset Acquisition

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.