Denali Capital Acquisition Corp. (NASDAQ:DECAU – Get Rating) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 100 shares, a decrease of 66.7% from the September 30th total of 300 shares. Based on an average daily volume of 1,900 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Denali Capital Acquisition

A number of hedge funds have recently added to or reduced their stakes in DECAU. Condor Capital Management acquired a new position in Denali Capital Acquisition in the second quarter worth approximately $118,000. Clear Street LLC bought a new stake in Denali Capital Acquisition during the second quarter worth approximately $184,000. Spartan Fund Management Inc. bought a new stake in Denali Capital Acquisition during the second quarter worth approximately $598,000. Yakira Capital Management Inc. bought a new stake in Denali Capital Acquisition during the second quarter worth approximately $947,000. Finally, Wolverine Asset Management LLC bought a new stake in Denali Capital Acquisition during the second quarter worth approximately $1,619,000.

Denali Capital Acquisition Price Performance

Shares of DECAU remained flat at $10.17 during trading hours on Wednesday. The stock had a trading volume of 10 shares, compared to its average volume of 32,005. Denali Capital Acquisition has a one year low of $9.80 and a one year high of $10.58. The company's fifty day simple moving average is $10.10.

About Denali Capital Acquisition

Denali Capital Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. It intends to complete a business combination with companies primarily operating in the technology, consumer, and hospitality sectors.

Further Reading

• Get a free copy of the StockNews.com research report on Denali Capital Acquisition (DECAU)
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