DHC Acquisition Corp. (NASDAQ:DHCA – Get Rating) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 40,400 shares, an increase of 573.3% from the November 30th total of 6,000 shares. Based on an average trading volume of 86,100 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company's stock are sold short.

DHC Acquisition Stock Performance

DHCA remained flat at $10.09 during midday trading on Wednesday. 101 shares of the company traded hands, compared to its average volume of 141,110. The company's 50 day moving average price is $10.00 and its two-hundred day moving average price is $9.90. DHC Acquisition has a 52-week low of $9.67 and a 52-week high of $10.30.

Hedge Funds Weigh In On DHC Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC grew its holdings in DHC Acquisition by 1,024.3% during the third quarter. Wolverine Asset Management LLC now owns 3,800 shares of the company's stock valued at $37,000 after purchasing an additional 3,462 shares during the last quarter. Centiva Capital LP acquired a new position in DHC Acquisition during the second quarter valued at approximately $206,000. Basso Capital Management L.P. acquired a new position in DHC Acquisition during the first quarter valued at approximately $364,000. Luxor Capital Group LP acquired a new position in DHC Acquisition during the third quarter valued at approximately $422,000. Finally, Schechter Investment Advisors LLC acquired a new position in DHC Acquisition during the third quarter valued at approximately $482,000. Institutional investors own 71.68% of the company's stock.

About DHC Acquisition

DHC Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Southlake, Texas.

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