Compass Digital Acquisition Corp. (NASDAQ:CDAQW – Get Rating) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 600 shares, an increase of 500.0% from the November 15th total of 100 shares. Based on an average daily volume of 21,400 shares, the days-to-cover ratio is currently 0.0 days.

Compass Digital Acquisition Price Performance

Compass Digital Acquisition stock traded up $0.03 during mid-day trading on Wednesday, reaching $0.08. 1,805 shares of the company's stock traded hands, compared to its average volume of 16,897. The stock has a 50 day moving average of $0.07 and a two-hundred day moving average of $0.13. Compass Digital Acquisition has a 12-month low of $0.05 and a 12-month high of $0.90.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Compass Digital Acquisition stock. Verition Fund Management LLC purchased a new position in Compass Digital Acquisition Corp. (NASDAQ:CDAQW – Get Rating) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,247 shares of the company's stock, valued at approximately $26,000.

About Compass Digital Acquisition

Compass Digital Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the technology sectors, including in the technology led digital transformation software and services sector.

Read More

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