DUET Acquisition Corp. (NASDAQ:DUET – Get Rating) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 1,400 shares, a growth of 7.7% from the October 15th total of 1,300 shares. Based on an average daily trading volume, of 7,700 shares, the short-interest ratio is presently 0.2 days.

DUET Acquisition Trading Down 0.7 %

NASDAQ:DUET traded down $0.07 during mid-day trading on Thursday, hitting $9.96. 9,500 shares of the company's stock traded hands, compared to its average volume of 40,188. The company has a fifty day moving average of $9.95 and a 200 day moving average of $9.93. DUET Acquisition has a twelve month low of $9.78 and a twelve month high of $10.45.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DUET. State Street Corp acquired a new position in DUET Acquisition during the 3rd quarter valued at about $126,000. Ergoteles LLC acquired a new position in DUET Acquisition during the 3rd quarter valued at about $225,000. Centiva Capital LP purchased a new stake in DUET Acquisition during the 2nd quarter valued at about $252,000. Saba Capital Management L.P. purchased a new stake in DUET Acquisition during the 1st quarter valued at about $989,000. Finally, Wolverine Asset Management LLC purchased a new stake in DUET Acquisition during the 2nd quarter valued at about $1,375,000. 82.85% of the stock is owned by institutional investors and hedge funds.

DUET Acquisition Company Profile

DUET Acquisition Corp. does not have significant operation. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.

Further Reading

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