Digital Asset Acquisition Corp. (NASDAQ:DAAQ – Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,917 shares, a decrease of 44.0% from the September 30th total of 3,424 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 88,454 shares, the short-interest ratio is presently 0.0 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Digital Asset Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Report on DAAQ
Institutional Investors Weigh In On Digital Asset Acquisition
A hedge fund recently bought a new stake in Digital Asset Acquisition stock. Berkley W R Corp bought a new position in shares of Digital Asset Acquisition Corp. (NASDAQ:DAAQ – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 761,331 shares of the company’s stock, valued at approximately $7,796,000. Berkley W R Corp owned 4.41% of Digital Asset Acquisition at the end of the most recent quarter.
Digital Asset Acquisition Stock Performance
Shares of DAAQ traded up $0.02 on Monday, hitting $10.50. 76,915 shares of the stock traded hands, compared to its average volume of 86,924. The stock’s 50 day moving average is $10.46 and its two-hundred day moving average is $10.20. Digital Asset Acquisition has a 1 year low of $6.60 and a 1 year high of $10.51.
Digital Asset Acquisition (NASDAQ:DAAQ – Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.06 EPS for the quarter.
About Digital Asset Acquisition
Digital Asset Acquisition Corp. (NASDAQ: DAAQ) was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more companies. Rather than operating a traditional business, the company was established to raise capital through a public offering and use those proceeds to pursue a merger, acquisition, share exchange or similar transaction.
The company’s stated focus was on opportunities connected with digital assets, financial technology and related technology sectors.
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