Denali Capital Acquisition Corp. (NASDAQ:DECAU – Get Rating) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 400 shares, an increase of 100.0% from the August 15th total of 200 shares. Based on an average trading volume of 3,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Denali Capital Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of DECAU. Cubist Systematic Strategies LLC bought a new position in Denali Capital Acquisition in the 2nd quarter worth $3,922,000. Condor Capital Management bought a new stake in Denali Capital Acquisition during the 2nd quarter valued at approximately $118,000. Yakira Capital Management Inc. purchased a new position in shares of Denali Capital Acquisition during the 2nd quarter worth approximately $947,000. Wolverine Asset Management LLC bought a new position in shares of Denali Capital Acquisition in the 2nd quarter worth approximately $1,619,000. Finally, Clear Street LLC purchased a new position in shares of Denali Capital Acquisition in the 2nd quarter valued at approximately $184,000.

Denali Capital Acquisition Stock Up 0.3 %

Denali Capital Acquisition stock opened at $10.14 on Friday. Denali Capital Acquisition has a 1-year low of $9.80 and a 1-year high of $10.58. The business's 50-day moving average price is $10.07.

Denali Capital Acquisition Company Profile

Denali Capital Acquisition Corp. 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.

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