Digital Health Acquisition Corp. (NASDAQ:DHAC – Get Rating) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 2,100 shares, a drop of 12.5% from the October 31st total of 2,400 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 6,800 shares, the short-interest ratio is currently 0.3 days.
Hedge Funds Weigh In On Digital Health Acquisition
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Glazer Capital LLC grew its position in Digital Health Acquisition by 80.4% in the 3rd quarter. Glazer Capital LLC now owns 22,550 shares of the company's stock valued at $228,000 after buying an additional 10,048 shares during the last quarter. RPO LLC purchased a new stake in shares of Digital Health Acquisition during the 3rd quarter worth $2,244,000. Aristeia Capital LLC boosted its position in shares of Digital Health Acquisition by 20.0% during the 2nd quarter. Aristeia Capital LLC now owns 300,000 shares of the company's stock worth $3,009,000 after purchasing an additional 50,000 shares in the last quarter. Berkley W R Corp boosted its position in shares of Digital Health Acquisition by 5.9% during the 2nd quarter. Berkley W R Corp now owns 426,711 shares of the company's stock worth $4,280,000 after purchasing an additional 23,661 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Digital Health Acquisition by 128.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 62,332 shares of the company's stock worth $625,000 after purchasing an additional 35,025 shares in the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.
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Digital Health Acquisition Stock Performance
NASDAQ:DHAC traded down $0.01 during midday trading on Monday, reaching $10.52. The stock had a trading volume of 6,200 shares, compared to its average volume of 36,735. The firm has a fifty day simple moving average of $10.39 and a two-hundred day simple moving average of $10.17. Digital Health Acquisition has a 12-month low of $9.81 and a 12-month high of $11.00.
Digital Health Acquisition Company Profile
(Get Rating)
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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