Direct Selling Acquisition Corp. (NYSE:DSAQ – Get Rating) was the target of a large decline in short interest in July. As of July 31st, there was short interest totalling 300 shares, a decline of 50.0% from the July 15th total of 600 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Direct Selling Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Eisler Capital UK Ltd. raised its holdings in shares of Direct Selling Acquisition by 0.7% in the 4th quarter. Eisler Capital UK Ltd. now owns 201,300 shares of the company's stock worth $1,998,000 after purchasing an additional 1,300 shares in the last quarter. Arena Investors LP purchased a new position in shares of Direct Selling Acquisition in the first quarter worth approximately $196,000. Deltec Asset Management LLC purchased a new position in shares of Direct Selling Acquisition in the first quarter worth approximately $350,000. Goldman Sachs Group Inc. purchased a new position in shares of Direct Selling Acquisition in the first quarter worth approximately $604,000. Finally, Fir Tree Capital Management LP increased its position in shares of Direct Selling Acquisition by 7.7% in the first quarter. Fir Tree Capital Management LP now owns 1,043,317 shares of the company's stock worth $10,433,000 after acquiring an additional 75,000 shares in the last quarter. 74.61% of the stock is currently owned by institutional investors.

Direct Selling Acquisition Price Performance

Shares of NYSE DSAQ remained flat at $10.09 during midday trading on Thursday. The stock's 50 day moving average is $10.03 and its two-hundred day moving average is $10.01. Direct Selling Acquisition has a one year low of $9.78 and a one year high of $10.12.

Direct Selling Acquisition Company Profile

Direct Selling Acquisition Corp. does not have significant operations. The company intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on searching businesses within the direct selling industry.

Further Reading

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