Denali Capital Acquisition Corp. (NASDAQ:DECA) Short Interest Update

Denali Capital Acquisition Corp. (NASDAQ:DECA) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 4,600 shares, a drop of 54.0% from the June 15th total of 10,000 shares. Based on an average trading volume of 30,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DECA. Clear Street LLC raised its holdings in shares of Denali Capital Acquisition by 4,549.6% during the fourth quarter. Clear Street LLC now owns 27,665 shares of the company’s stock valued at $281,000 after acquiring an additional 27,070 shares during the last quarter. Quarry LP acquired a new stake in shares of Denali Capital Acquisition in the 4th quarter worth $1,273,000. Cohanzick Management LLC acquired a new stake in shares of Denali Capital Acquisition in the 4th quarter worth $2,098,000. Finally, Glazer Capital LLC raised its stake in Denali Capital Acquisition by 133.3% during the fourth 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.

Denali Capital Acquisition Price Performance

NASDAQ DECA traded down $0.02 on Friday, hitting $11.48. The company had a trading volume of 30,711 shares, compared to its average volume of 33,151. Denali Capital Acquisition has a 12-month low of $4.05 and a 12-month high of $14.10. The company’s fifty day moving average price is $8.02 and its 200-day moving average price is $7.38.

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.