Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Sees Large Growth in Short Interest

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

Digital Asset Acquisition Price Performance

Shares of NASDAQ DAAQW traded down $0.07 during mid-day trading on Tuesday, reaching $0.44. 400 shares of the company’s stock traded hands, compared to its average volume of 21,393. Digital Asset Acquisition has a 1-year low of $0.32 and a 1-year high of $1.06. The business has a 50-day moving average of $0.41.

Digital Asset Acquisition Company Profile

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.