Denali Capital Acquisition Corp. (NASDAQ:DECAU) Short Interest Up 56.3% in April

Denali Capital Acquisition Corp. (NASDAQ:DECAU) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 2,500 shares, a growth of 56.3% from the March 31st total of 1,600 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 25.0 days. Approximately 0.0% of the shares of the stock are sold short.

Denali Capital Acquisition Price Performance

Shares of DECAU stock traded up $1.33 during mid-day trading on Friday, hitting $9.50. The company had a trading volume of 502 shares, compared to its average volume of 1,050. The stock’s 50 day moving average price is $7.43 and its 200-day moving average price is $8.62. Denali Capital Acquisition has a 52-week low of $4.88 and a 52-week high of $12.23.

About Denali Capital Acquisition

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.