DiamondHead (NASDAQ:DHHC) Shares Down 6.2% – Should You Sell?

DiamondHead Holdings Corp. (NASDAQ:DHHC)’s share price was down 6.2% on Tuesday . The stock traded as low as $1.43 and last traded at $1.52. Approximately 397,070 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 350,931 shares. The stock had previously closed at $1.62.

DiamondHead Stock Performance

The business’s 50 day simple moving average is $1.35 and its 200-day simple moving average is $2.97.

About DiamondHead

DiamondHead (NASDAQ:DHHC) is a specialized investment company focused on acquiring and managing portfolios of residential solar energy leases and power purchase agreements (PPAs). By purchasing contractual cash flows from homeowners’ solar installations, the company offers investors exposure to predictable, long-term revenue streams generated by renewable energy assets. DiamondHead structures and issues asset-backed securities that provide institutional and retail investors with access to the growing residential solar market.

The company’s core activities include sourcing solar lease and PPA contracts originated by leading residential solar providers, conducting credit and asset due diligence, and assembling diversified portfolios across multiple jurisdictions in the United States.