Direct Selling Acquisition Corp. (NYSE:DSAQ – Get Rating) was the target of a large decline in short interest in December. As of December 30th, there was short interest totalling 300 shares, a decline of 88.5% from the December 15th total of 2,600 shares. Based on an average daily volume of 66,400 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Direct Selling Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its position in shares of Direct Selling Acquisition by 29.3% in the 3rd quarter. State Street Corp now owns 15,883 shares of the company's stock valued at $161,000 after buying an additional 3,600 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Direct Selling Acquisition during the 1st quarter valued at approximately $604,000. Glazer Capital LLC grew its holdings in shares of Direct Selling Acquisition by 15.2% during the 3rd quarter. Glazer Capital LLC now owns 76,334 shares of the company's stock valued at $773,000 after purchasing an additional 10,075 shares during the last quarter. First Trust Capital Management L.P. grew its holdings in shares of Direct Selling Acquisition by 5.9% during the 3rd quarter. First Trust Capital Management L.P. now owns 431,432 shares of the company's stock valued at $4,370,000 after purchasing an additional 24,065 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new stake in shares of Direct Selling Acquisition during the 2nd quarter valued at approximately $8,776,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Direct Selling Acquisition Price Performance

Direct Selling Acquisition stock traded up $0.04 during midday trading on Tuesday, hitting $10.38. The company's stock had a trading volume of 60,000 shares, compared to its average volume of 120,926. The company has a 50-day moving average price of $10.24 and a two-hundred day moving average price of $10.15. Direct Selling Acquisition has a 1-year low of $9.90 and a 1-year high of $10.38.

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

• Get a free copy of the StockNews.com research report on Direct Selling Acquisition (DSAQ)
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