Insight Digital Partners II (NASDAQ:DYOR) Stock Short Interest Drops 58.6%

Insight Digital Partners II (NASDAQ:DYOR) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 63 shares, a decrease 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 presently 0.0 days.

Insight Digital Partners II Trading Up 0.2%

Shares of DYOR stock traded up $0.02 on Monday, hitting $10.15. The company had a trading volume of 772 shares, compared to its average volume of 43,662. The stock’s 50-day moving average is $10.11 and its two-hundred day moving average is $10.05. Insight Digital Partners II has a twelve month low of $9.87 and a twelve month high of $10.47.

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

Institutional Investors Weigh In On Insight Digital Partners II

Several hedge funds and other institutional investors have recently bought and sold shares of DYOR. Radcliffe Capital Management L.P. bought a new position in shares of Insight Digital Partners II in the fourth quarter valued at $4,879,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Insight Digital Partners II in the 1st quarter worth about $3,984,000. Lineage Point Capital LP bought a new position in Insight Digital Partners II in the 4th quarter valued at about $3,369,000. Bulldog Investors LLP lifted its position in Insight Digital Partners II by 57.0% in the 1st quarter. Bulldog Investors LLP now owns 323,088 shares of the company’s stock valued at $3,216,000 after acquiring an additional 117,290 shares in the last quarter. Finally, Aristeia Capital L.L.C. acquired a new position in Insight Digital Partners II during the 4th quarter valued at about $2,973,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded 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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, Insight Digital Partners II has a consensus rating of “Sell”.

Insight Digital Partners II Company Profile

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.