DTRT Health Acquisition Corp. (NASDAQ:DTRT – Get Rating) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 23,200 shares, an increase of 71.9% from the August 31st total of 13,500 shares. Based on an average daily volume of 35,200 shares, the days-to-cover ratio is presently 0.7 days.

DTRT Health Acquisition Price Performance

NASDAQ DTRT traded down $0.01 during trading on Friday, reaching $10.16. The company's stock had a trading volume of 23,047 shares, compared to its average volume of 61,816. The firm has a fifty day moving average of $10.12 and a 200 day moving average of $10.07. DTRT Health Acquisition has a one year low of $9.73 and a one year high of $12.03.

Hedge Funds Weigh In On DTRT Health Acquisition

A number of institutional investors have recently added to or reduced their stakes in DTRT. Captrust Financial Advisors purchased a new position in shares of DTRT Health Acquisition in the 1st quarter worth about $48,000. UBS Group AG boosted its holdings in DTRT Health Acquisition by 1,627.2% during the 2nd quarter. UBS Group AG now owns 8,688 shares of the company's stock valued at $87,000 after acquiring an additional 8,185 shares during the period. Cheyne Capital Management UK LLP purchased a new stake in DTRT Health Acquisition during the 1st quarter valued at about $100,000. Goldman Sachs Group Inc. purchased a new stake in DTRT Health Acquisition during the 1st quarter valued at about $140,000. Finally, Royal Bank of Canada lifted its holdings in DTRT Health Acquisition by 215.0% in the 1st quarter. Royal Bank of Canada now owns 16,190 shares of the company's stock worth $162,000 after buying an additional 11,050 shares during the period. 64.50% of the stock is currently owned by institutional investors.

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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• Get a free copy of the StockNews.com research report on DTRT Health Acquisition (DTRT)
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