Duddell Street Acquisition Corp. (NASDAQ:DSAC) Short Interest Update

Duddell Street Acquisition Corp. (NASDAQ:DSAC) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 12,343 shares, an increase of 227.9% from the May 31st total of 3,764 shares. Based on an average daily trading volume, of 50,296 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Duddell Street Acquisition Stock Down 0.2%

NASDAQ:DSAC opened at $10.10 on Tuesday. Duddell Street Acquisition has a fifty-two week low of $9.90 and a fifty-two week high of $10.47. The company’s 50 day moving average is $9.99.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on Duddell Street Acquisition in a report on Tuesday, May 26th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average 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.