Anthemis Digital Acquisitions I Corp (NASDAQ:ADAL – Get Rating) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 5,500 shares, an increase of 243.8% from the October 15th total of 1,600 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 63,500 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Anthemis Digital Acquisitions I

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aristeia Capital LLC purchased a new position in shares of Anthemis Digital Acquisitions I in the first quarter worth $7,960,000. Sculptor Capital LP raised its holdings in shares of Anthemis Digital Acquisitions I by 97.6% during the first quarter. Sculptor Capital LP now owns 1,556,866 shares of the company's stock valued at $15,491,000 after purchasing an additional 769,132 shares during the last quarter. Millennium Management LLC lifted its position in Anthemis Digital Acquisitions I by 93.9% during the second quarter. Millennium Management LLC now owns 1,425,000 shares of the company's stock valued at $14,222,000 after purchasing an additional 690,049 shares during the period. Wolverine Asset Management LLC purchased a new stake in Anthemis Digital Acquisitions I in the first quarter worth approximately $6,131,000. Finally, Picton Mahoney Asset Management bought a new stake in Anthemis Digital Acquisitions I in the 1st quarter worth approximately $4,975,000. 65.27% of the stock is owned by institutional investors.

Anthemis Digital Acquisitions I Stock Performance

Shares of NASDAQ ADAL opened at $10.16 on Friday. The firm's 50 day moving average price is $10.10 and its 200-day moving average price is $10.02. Anthemis Digital Acquisitions I has a 52-week low of $6.97 and a 52-week high of $10.18.

About Anthemis Digital Acquisitions I

Anthemis Digital Acquisitions I Corp does not have significant operations. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus its efforts in the areas of digital financial services or modern financial technology.

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