Compass Digital Acquisition Corp. (NASDAQ:CDAQ – Get Rating) was the target of a significant drop in short interest in December. As of December 30th, there was short interest totalling 4,800 shares, a drop of 40.0% from the December 15th total of 8,000 shares. Based on an average trading volume of 45,100 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company's shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Aristeia Capital LLC purchased a new position in Compass Digital Acquisition during the third quarter valued at approximately $10,997,000. Linden Advisors LP grew its position in Compass Digital Acquisition by 138.0% during the second quarter. Linden Advisors LP now owns 862,442 shares of the company's stock valued at $8,323,000 after purchasing an additional 500,000 shares in the last quarter. Bank of America Corp DE grew its position in Compass Digital Acquisition by 94.8% during the first quarter. Bank of America Corp DE now owns 753,133 shares of the company's stock valued at $7,245,000 after purchasing an additional 366,419 shares in the last quarter. Calamos Advisors LLC purchased a new position in Compass Digital Acquisition during the third quarter valued at approximately $4,885,000. Finally, Karpus Management Inc. grew its position in Compass Digital Acquisition by 59.5% during the third quarter. Karpus Management Inc. now owns 460,375 shares of the company's stock valued at $4,498,000 after purchasing an additional 171,721 shares in the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.

Compass Digital Acquisition Stock Performance

Shares of Compass Digital Acquisition stock traded up $0.02 during trading on Friday, hitting $10.05. The stock had a trading volume of 363 shares, compared to its average volume of 170,107. The stock has a 50 day simple moving average of $9.96 and a 200 day simple moving average of $9.82. Compass Digital Acquisition has a 1 year low of $9.59 and a 1 year high of $10.07.

About Compass Digital Acquisition

Compass Digital Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company 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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