Duddell Street Acquisition Corp. (NASDAQ:DSAC) Sees Significant Decrease in Short Interest

Duddell Street Acquisition Corp. (NASDAQ:DSAC) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 696 shares, a decrease of 93.3% from the August 15th total of 10,318 shares. Based on an average daily volume of 78,035 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Duddell Street Acquisition Trading Down 0.1%

DSAC stock traded down $0.01 during midday trading on Friday, reaching $10.18. 1,469,745 shares of the company traded hands, compared to its average volume of 95,830. Duddell Street Acquisition has a 52-week low of $9.90 and a 52-week high of $10.47. The business has a 50 day moving average of $10.16 and a 200-day moving average of $10.04.

Wall Street Analyst Weigh In

Several research firms have weighed in on DSAC. Weiss Ratings upgraded Duddell Street Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded Duddell Street Acquisition to a “hold” rating in a research report on Saturday, September 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Duddell Street Acquisition has a consensus rating of “Sell”.

Duddell Street Acquisition Company Profile

Duddell Street Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Central, Hong Kong.