Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Short Interest Update

Digital Asset Acquisition Corp. (NASDAQ:DAAQW) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 15,116 shares, a growth of 129.3% from the July 15th total of 6,591 shares. Based on an average daily trading volume, of 6,235 shares, the short-interest ratio is currently 2.4 days.

Digital Asset Acquisition Trading Down 30.4%

NASDAQ DAAQW traded down $0.07 during trading hours on Friday, hitting $0.17. 36,612 shares of the company were exchanged, compared to its average volume of 17,461. The stock has a 50-day moving average price of $0.39 and a 200 day moving average price of $0.40. Digital Asset Acquisition has a 52 week low of $0.15 and a 52 week high of $0.90.

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.