Duddell Street Acquisition Corp. (NASDAQ:DSAC) Short Interest Up 323.9% in May

Duddell Street Acquisition Corp. (NASDAQ:DSAC) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,764 shares, an increase of 323.9% from the May 14th total of 888 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,110 shares, the days-to-cover ratio is presently 0.5 days.

Duddell Street Acquisition Trading Up 0.1%

NASDAQ DSAC traded up $0.01 during trading hours on Thursday, reaching $10.04. The company’s stock had a trading volume of 6,935 shares, compared to its average volume of 73,573. The business’s 50-day moving average is $9.95. Duddell Street Acquisition has a 1 year low of $9.90 and a 1 year high of $10.05.

Analyst Ratings Changes

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

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.