Short Interest in Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Drops By 77.4%

Digital Asset Acquisition Corp. (NASDAQ:DAAQW) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 76 shares, a decline of 77.4% from the April 30th total of 337 shares. Based on an average daily volume of 2,796 shares, the days-to-cover ratio is currently 0.0 days.

Digital Asset Acquisition Trading Down 10.8%

Shares of Digital Asset Acquisition stock traded down $0.05 during midday trading on Friday, hitting $0.45. 200 shares of the company traded hands, compared to its average volume of 22,675. The business has a fifty day simple moving average of $0.40. Digital Asset Acquisition has a 12 month low of $0.32 and a 12 month high of $1.15.

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.