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

Duddell Street Acquisition Corp. (NASDAQ:DSAC) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 10,318 shares, a drop of 45.3% from the July 30th total of 18,878 shares. Based on an average daily trading volume, of 16,923 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Duddell Street Acquisition Price Performance

Shares of NASDAQ DSAC traded up $0.01 during mid-day trading on Friday, hitting $10.17. 181,340 shares of the company were exchanged, compared to its average volume of 76,719. The stock has a 50 day simple moving average of $10.15 and a 200-day simple moving average of $10.03. Duddell Street Acquisition has a 1-year low of $9.90 and a 1-year high of $10.47.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Duddell Street Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus 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.