DTRT Health Acquisition Corp. (NASDAQ:DTRT – Get Rating) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 10,400 shares, a decline of 31.6% from the November 15th total of 15,200 shares. Based on an average daily volume of 82,400 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On DTRT Health Acquisition

Hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors acquired a new position in shares of DTRT Health Acquisition in the 1st quarter worth approximately $48,000. UBS Group AG increased its position in shares of DTRT Health Acquisition by 1,627.2% in the second quarter. UBS Group AG now owns 8,688 shares of the company's stock worth $87,000 after acquiring an additional 8,185 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of DTRT Health Acquisition in the third quarter worth approximately $106,000. Goldman Sachs Group Inc. purchased a new position in shares of DTRT Health Acquisition in the first quarter worth approximately $140,000. Finally, Royal Bank of Canada increased its position in shares of DTRT Health Acquisition by 215.0% in the first quarter. Royal Bank of Canada now owns 16,190 shares of the company's stock worth $162,000 after acquiring an additional 11,050 shares in the last quarter. Institutional investors and hedge funds own 64.50% of the company's stock.

DTRT Health Acquisition Stock Performance

Shares of DTRT traded up $0.08 during mid-day trading on Wednesday, hitting $10.28. The company's stock had a trading volume of 443,585 shares, compared to its average volume of 79,807. The firm has a 50-day moving average price of $10.23 and a 200 day moving average price of $10.14. DTRT Health Acquisition has a fifty-two week low of $9.90 and a fifty-two week high of $11.34.

About DTRT Health Acquisition

DTRT Health Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses or assets. The company was incorporated in 2021 and is based in Oak Brook, Illinois.

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