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

Digital Asset Acquisition Corp. (NASDAQ:DAAQW) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 9,703 shares, an increase of 12,667.1% from the May 14th total of 76 shares. Based on an average trading volume of 5,776 shares, the days-to-cover ratio is presently 1.7 days.

Digital Asset Acquisition Stock Performance

Shares of NASDAQ:DAAQW opened at $0.44 on Wednesday. Digital Asset Acquisition has a fifty-two week low of $0.32 and a fifty-two week high of $1.06. The company has a 50 day moving average price of $0.41.

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.