Digital World Acquisition Corp. (NASDAQ:DWACW – Get Rating) was the recipient of a significant increase in short interest in December. As of December 30th, there was short interest totalling 68,500 shares, an increase of 28.8% from the December 15th total of 53,200 shares. Based on an average daily trading volume, of 209,700 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DWACW. Aristeia Capital LLC lifted its holdings in shares of Digital World Acquisition by 32.1% in the 3rd quarter. Aristeia Capital LLC now owns 199,656 shares of the company's stock valued at $712,000 after purchasing an additional 48,549 shares during the last quarter. UBS Group AG grew its position in Digital World Acquisition by 1,029.8% in the 3rd quarter. UBS Group AG now owns 20,393 shares of the company's stock valued at $73,000 after buying an additional 18,588 shares during the last quarter. Bell Rock Capital LLC purchased a new position in Digital World Acquisition in the 3rd quarter valued at $86,000. Zazove Associates LLC purchased a new stake in shares of Digital World Acquisition during the 3rd quarter worth $1,372,000. Finally, Marathon Trading Investment Management LLC boosted its position in shares of Digital World Acquisition by 24.8% during the 2nd quarter. Marathon Trading Investment Management LLC now owns 36,561 shares of the company's stock worth $213,000 after purchasing an additional 7,255 shares in the last quarter.

Digital World Acquisition Stock Performance

NASDAQ:DWACW opened at $3.75 on Friday. Digital World Acquisition has a 52 week low of $3.28 and a 52 week high of $32.28. The stock's fifty day moving average is $4.67 and its two-hundred day moving average is $5.32.

Digital World Acquisition Company Profile

Digital World Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify on technology-focused companies in the SaaS and technology, or fintech and financial services sector in the Americas.

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