Duddell Street Acquisition Corp. (NASDAQ:DSAC) Short Interest Update

Duddell Street Acquisition Corp. (NASDAQ:DSAC) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 12,343 shares, an increase of 227.9% from the May 31st total of 3,764 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 50,296 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Duddell Street Acquisition in a research report on Tuesday, May 26th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Duddell Street Acquisition Stock Up 0.7%

DSAC traded up $0.07 on Friday, reaching $10.12. The stock had a trading volume of 1,324 shares, compared to its average volume of 67,825. Duddell Street Acquisition has a fifty-two week low of $9.90 and a fifty-two week high of $10.47. The firm’s 50-day moving average price is $9.98.

About Duddell Street Acquisition

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.