Denali Capital Acquisition (NASDAQ:DECA) Shares Down 0% – What’s Next?

Denali Capital Acquisition Corp. (NASDAQ:DECA) shares fell 0% during trading on Wednesday . The stock traded as low as $11.96 and last traded at $12.00. 700 shares traded hands during trading, a decline of 79% from the average session volume of 3,400 shares. The stock had previously closed at $12.00.

Denali Capital Acquisition Trading Down 0.0 %

The company has a fifty day simple moving average of $11.95 and a 200 day simple moving average of $11.70.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Denali Capital Acquisition during the 3rd quarter worth about $228,000. ATW Spac Management LLC acquired a new position in shares of Denali Capital Acquisition in the 3rd quarter valued at about $435,000. Finally, Toronto Dominion Bank acquired a new position in shares of Denali Capital Acquisition in the 4th quarter valued at about $947,000.

Denali Capital Acquisition Company Profile

Denali Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. It intends to complete a business combination with companies primarily operating in the technology, consumer, and hospitality sectors.