Direct Selling Acquisition Corp. (NYSE:DSAQ – Get Rating) was the target of a significant decline in short interest during the month of 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 trading volume of 66,400 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Direct Selling Acquisition by 29.3% in the third quarter. State Street Corp now owns 15,883 shares of the company's stock worth $161,000 after purchasing an additional 3,600 shares during the last quarter. First Trust Capital Management L.P. grew its holdings in shares of Direct Selling Acquisition by 5.9% in the third quarter. First Trust Capital Management L.P. now owns 431,432 shares of the company's stock worth $4,370,000 after purchasing an additional 24,065 shares during the last quarter. Glazer Capital LLC lifted its stake in Direct Selling Acquisition by 15.2% in the third quarter. Glazer Capital LLC now owns 76,334 shares of the company's stock worth $773,000 after acquiring an additional 10,075 shares during the period. Mizuho Markets Americas LLC purchased a new stake in Direct Selling Acquisition in the second quarter worth about $8,776,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Direct Selling Acquisition in the first quarter worth about $604,000. 73.57% of the stock is currently owned by institutional investors.

Direct Selling Acquisition Price Performance

Shares of NYSE DSAQ remained flat at $10.38 during mid-day trading on Wednesday. The stock's 50-day moving average is $10.25 and its 200 day moving average is $10.15. Direct Selling Acquisition has a 12-month low of $9.90 and a 12-month 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

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