Data Knights Acquisition Corp. (NASDAQ:DKDCA – Get Rating) saw a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 100 shares, a decline of 99.4% from the July 31st total of 16,400 shares. Based on an average daily trading volume, of 2,400 shares, the short-interest ratio is presently 0.0 days.

Data Knights Acquisition Price Performance

DKDCA stock opened at $10.33 on Friday. The firm's 50 day moving average price is $10.28 and its 200-day moving average price is $10.22. Data Knights Acquisition has a one year low of $9.93 and a one year high of $10.34.

Hedge Funds Weigh In On Data Knights Acquisition

Hedge funds have recently modified their holdings of the business. Saba Capital Management L.P. grew its holdings in shares of Data Knights Acquisition by 3.4% during the 4th quarter. Saba Capital Management L.P. now owns 773,475 shares of the company's stock worth $7,812,000 after purchasing an additional 25,712 shares during the period. OTA Financial Group L.P. purchased a new position in shares of Data Knights Acquisition during the 1st quarter worth $226,000. Karpus Management Inc. boosted its holdings in Data Knights Acquisition by 3.0% during the 1st quarter. Karpus Management Inc. now owns 1,476,321 shares of the company's stock valued at $15,014,000 after acquiring an additional 42,391 shares during the period. Mizuho Securities USA LLC raised its position in Data Knights Acquisition by 2.9% in the 1st quarter. Mizuho Securities USA LLC now owns 483,404 shares of the company's stock valued at $4,858,000 after purchasing an additional 13,600 shares in the last quarter. Finally, Starboard Value LP raised its position in Data Knights Acquisition by 5.7% in the 4th quarter. Starboard Value LP now owns 333,668 shares of the company's stock valued at $3,370,000 after purchasing an additional 17,865 shares in the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

About Data Knights Acquisition

Data Knights Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the data centers and internet technology sectors. The company was incorporated in 2021 and is based in Chessington, the United Kingdom.

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