Denali Capital Acquisition Corp. (NASDAQ:DECA) Sees Large Increase in Short Interest

Denali Capital Acquisition Corp. (NASDAQ:DECA) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 6,300 shares, a growth of 18.9% from the March 15th total of 5,300 shares. Based on an average trading volume of 36,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Mizuho Securities USA LLC grew its holdings in Denali Capital Acquisition by 175.9% in the third quarter. Mizuho Securities USA LLC now owns 613,000 shares of the company’s stock valued at $6,620,000 after purchasing an additional 390,833 shares during the last quarter. Westchester Capital Management LLC acquired a new stake in Denali Capital Acquisition in the 3rd quarter worth about $3,801,000. Cohanzick Management LLC acquired a new stake in Denali Capital Acquisition in the 4th quarter worth about $2,098,000. Glazer Capital LLC raised its holdings in shares of Denali Capital Acquisition by 133.3% in the 4th quarter. Glazer Capital LLC now owns 310,944 shares of the company’s stock worth $3,430,000 after purchasing an additional 177,640 shares during the period. Finally, K2 Principal Fund L.P. purchased a new position in shares of Denali Capital Acquisition in the 3rd quarter worth about $1,649,000.

Denali Capital Acquisition Trading Down 4.2 %

NASDAQ:DECA opened at $8.05 on Tuesday. The stock has a fifty day moving average price of $6.48 and a two-hundred day moving average price of $8.60. Denali Capital Acquisition has a 1 year low of $4.05 and a 1 year high of $14.10.

Denali Capital Acquisition Company Profile

Denali Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. It intends to complete a business combination with companies primarily operating in the technology, consumer, and hospitality sectors.