Digital Health Acquisition Corp. (NASDAQ:DHAC – Get Rating) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 3,000 shares, a drop of 69.1% from the December 31st total of 9,700 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 2,400 shares, the short-interest ratio is currently 1.3 days.

Digital Health Acquisition Price Performance

NASDAQ DHAC remained flat at $10.71 on Friday. Digital Health Acquisition has a twelve month low of $9.88 and a twelve month high of $11.00. The firm's fifty day moving average is $10.67 and its two-hundred day moving average is $10.36.

Hedge Funds Weigh In On Digital Health Acquisition

Institutional investors have recently modified their holdings of the business. Spring Creek Capital LLC bought a new position in Digital Health Acquisition in the 1st quarter valued at approximately $2,416,000. Starboard Value LP bought a new position in shares of Digital Health Acquisition in the 1st quarter valued at $6,172,000. Rivernorth Capital Management LLC acquired a new stake in shares of Digital Health Acquisition during the 1st quarter valued at $750,000. Goldman Sachs Group Inc. grew its position in Digital Health Acquisition by 76.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 70,628 shares of the company's stock worth $706,000 after acquiring an additional 30,578 shares during the last quarter. Finally, Saba Capital Management L.P. increased its holdings in Digital Health Acquisition by 34.8% in the 1st quarter. Saba Capital Management L.P. now owns 500,205 shares of the company's stock worth $5,005,000 after purchasing an additional 129,196 shares in the last quarter.

Digital Health Acquisition Company Profile

Digital Health Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on technology and healthcare focused businesses.

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