DP Cap Acquisition Corp I (NASDAQ:DPCS – Get Rating) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 4,300 shares, an increase of 7.5% from the July 31st total of 4,000 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 28,900 shares, the days-to-cover ratio is currently 0.1 days.
DP Cap Acquisition Corp I Stock Performance
Shares of NASDAQ DPCS opened at $10.03 on Thursday. The company's 50 day simple moving average is $9.98 and its 200 day simple moving average is $9.95. DP Cap Acquisition Corp I has a fifty-two week low of $9.73 and a fifty-two week high of $10.15.
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Institutional Investors Weigh In On DP Cap Acquisition Corp I
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DPCS. Saba Capital Management L.P. grew its holdings in DP Cap Acquisition Corp I by 38.5% during the first quarter. Saba Capital Management L.P. now owns 1,175,348 shares of the company's stock valued at $11,695,000 after purchasing an additional 326,984 shares during the period. Sculptor Capital LP increased its holdings in shares of DP Cap Acquisition Corp I by 135.0% in the first quarter. Sculptor Capital LP now owns 1,175,002 shares of the company's stock worth $11,692,000 after acquiring an additional 675,002 shares in the last quarter. Beryl Capital Management LLC acquired a new stake in shares of DP Cap Acquisition Corp I during the fourth quarter worth about $10,917,000. Millennium Management LLC lifted its holdings in shares of DP Cap Acquisition Corp I by 128.8% during the 2nd quarter. Millennium Management LLC now owns 1,090,600 shares of the company's stock valued at $10,830,000 after purchasing an additional 614,000 shares in the last quarter. Finally, Aristeia Capital LLC raised its holdings in DP Cap Acquisition Corp I by 10.0% during the 2nd quarter. Aristeia Capital LLC now owns 825,000 shares of the company's stock worth $8,192,000 after buying an additional 75,000 shares during the period. Institutional investors own 63.89% of the company's stock.
DP Cap Acquisition Corp I Company Profile
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DP Cap Acquisition Corp I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the tech-enabled consumer and technology sectors. DP Cap Acquisition Corp I was incorporated in 2021 and is based in Boston, Massachusetts.
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