Short Interest in Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Decreases By 77.4%

Digital Asset Acquisition Corp. (NASDAQ:DAAQW) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 76 shares, a drop of 77.4% from the April 30th total of 337 shares. Based on an average daily trading volume, of 2,796 shares, the short-interest ratio is currently 0.0 days.

Digital Asset Acquisition Stock Down 10.8%

Shares of DAAQW traded down $0.05 during mid-day trading on Friday, hitting $0.45. 200 shares of the company’s stock were exchanged, compared to its average volume of 22,675. Digital Asset Acquisition has a 52 week low of $0.32 and a 52 week high of $1.15. The stock has a 50-day moving average of $0.40.

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.