Duddell Street Acquisition Corp. (NASDAQ:DSAC) Short Interest Update

Duddell Street Acquisition Corp. (NASDAQ:DSAC) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 12,343 shares, an increase of 227.9% from the May 31st total of 3,764 shares. Based on an average daily trading volume, of 50,296 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Duddell Street Acquisition in a research report on Tuesday, May 26th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Duddell Street Acquisition Stock Up 0.7%

Shares of DSAC stock traded up $0.07 on Friday, hitting $10.12. 1,324 shares of the company’s stock were exchanged, compared to its average volume of 67,825. Duddell Street Acquisition has a 12 month low of $9.90 and a 12 month high of $10.47. The stock’s 50 day moving average is $9.98.

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.