Compass Digital Acquisition Corp. (NASDAQ:CDAQW – Get Rating) was the recipient of a significant increase in short interest during the month of December. As of December 30th, there was short interest totalling 11,500 shares, an increase of 283.3% from the December 15th total of 3,000 shares. Based on an average trading volume of 24,800 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Compass Digital Acquisition

A hedge fund recently bought a new stake in Compass Digital Acquisition stock. Verition Fund Management LLC bought a new position in Compass Digital Acquisition Corp. (NASDAQ:CDAQW – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 58,247 shares of the company's stock, valued at approximately $26,000.

Compass Digital Acquisition Price Performance

CDAQW stock remained flat at $0.10 during trading on Thursday. 15 shares of the company's stock traded hands, compared to its average volume of 65,060. Compass Digital Acquisition has a fifty-two week low of $0.05 and a fifty-two week high of $0.75. The firm has a 50 day simple moving average of $0.08 and a two-hundred day simple moving average of $0.11.

About Compass Digital Acquisition

Compass Digital Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the technology sectors, including in the technology led digital transformation software and services sector.

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