Insight Digital Partners II (NASDAQ:DYOR) Shares Shorted: Short Interest Down 58.6% in September

Insight Digital Partners II (NASDAQ:DYOR) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 63 shares, a drop of 58.6% from the August 31st total of 152 shares. Based on an average daily volume of 28,669 shares, the short-interest ratio is currently 0.0 days.

Insight Digital Partners II Stock Performance

NASDAQ:DYOR traded up $0.01 during trading hours on Tuesday, hitting $10.14. The company’s stock had a trading volume of 740 shares, compared to its average volume of 43,323. Insight Digital Partners II has a twelve month low of $9.87 and a twelve month high of $10.47. The stock has a fifty day simple moving average of $10.12 and a 200-day simple moving average of $10.05.

Insight Digital Partners II (NASDAQ:DYOR) last issued its earnings results on Tuesday, August 11th. The company reported $0.06 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Insight Digital Partners II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Insight Digital Partners II presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Insight Digital Partners II

A number of institutional investors have recently added to or reduced their stakes in DYOR. Mint Tower Capital Management B.V. acquired a new stake in Insight Digital Partners II in the fourth quarter valued at approximately $991,000. Virtu Financial LLC acquired a new position in shares of Insight Digital Partners II during the fourth quarter worth $1,271,000. Governors Lane LP bought a new position in shares of Insight Digital Partners II in the 4th quarter valued at $1,486,000. Clear Street Group Inc. bought a new position in shares of Insight Digital Partners II in the 4th quarter valued at $1,776,000. Finally, Sona Asset Management US LLC acquired a new stake in shares of Insight Digital Partners II during the 1st quarter valued at $2,221,000.

About Insight Digital Partners II

Insight Digital Partners II (NASDAQ: DYOR) is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more operating companies. Rather than conducting an operating business of its own, the company’s primary objective is to identify a suitable merger, acquisition, or similar transaction.

The company is associated with the digital and technology sectors and may evaluate businesses involved in areas such as software, internet services, digital media, and related technologies.