Digital Health Acquisition Corp. (NASDAQ:DHAC – Get Rating) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,300 shares, a growth of 1,200.0% from the September 30th total of 100 shares. Based on an average trading volume of 7,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.
Hedge Funds Weigh In On Digital Health Acquisition
Institutional investors have recently bought and sold shares of the stock. Context Capital Management LLC bought a new stake in Digital Health Acquisition during the first quarter worth approximately $6,890,000. Starboard Value LP purchased a new position in Digital Health Acquisition during the 1st quarter worth $6,172,000. MMCAP International Inc. SPC purchased a new position in shares of Digital Health Acquisition in the 1st quarter valued at $5,000,000. Karpus Management Inc. increased its holdings in shares of Digital Health Acquisition by 345.2% in the 1st quarter. Karpus Management Inc. now owns 601,075 shares of the company's stock valued at $6,005,000 after acquiring an additional 466,075 shares during the period. Finally, Wolverine Asset Management LLC increased its holdings in shares of Digital Health Acquisition by 985.2% in the 1st quarter. Wolverine Asset Management LLC now owns 434,079 shares of the company's stock valued at $4,340,000 after acquiring an additional 394,079 shares during the period. 67.10% of the stock is owned by hedge funds and other institutional investors.
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Digital Health Acquisition Stock Down 0.2 %
DHAC traded down $0.02 during trading on Wednesday, hitting $10.38. The company's stock had a trading volume of 202 shares, compared to its average volume of 7,865. Digital Health Acquisition has a one year low of $9.81 and a one year high of $11.00. The business's 50 day simple moving average is $10.15 and its 200-day simple moving average is $10.07.
Digital Health Acquisition Company Profile
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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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