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Data Knights Acquisition Corp. (NASDAQ:DKDCA) Sees Large Growth in Short Interest

kopsource ·  Oct 12, 2022 16:43

Data Knights Acquisition Corp. (NASDAQ:DKDCA – Get Rating) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 500 shares, a growth of 400.0% from the September 15th total of 100 shares. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is currently 0.1 days.

Data Knights Acquisition Price Performance

NASDAQ:DKDCA traded down $0.01 during trading hours on Wednesday, hitting $10.40. 5,875 shares of the stock traded hands, compared to its average volume of 17,611. The firm has a 50 day moving average price of $10.35 and a 200 day moving average price of $10.27. Data Knights Acquisition has a fifty-two week low of $10.03 and a fifty-two week high of $10.41.

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Data Knights Acquisition (NASDAQ:DKDCA – Get Rating) last posted its quarterly earnings results on Monday, August 15th. The company reported $0.06 earnings per share for the quarter.

Hedge Funds Weigh In On Data Knights Acquisition

A number of hedge funds have recently modified their holdings of DKDCA. Arena Investors LP bought a new stake in Data Knights Acquisition in the first quarter worth $135,000. Glazer Capital LLC bought a new stake in Data Knights Acquisition in the first quarter worth $148,000. Goldman Sachs Group Inc. bought a new stake in Data Knights Acquisition in the first quarter worth $203,000. OTA Financial Group L.P. bought a new stake in Data Knights Acquisition during the first quarter valued at about $226,000. Finally, RPO LLC boosted its holdings in Data Knights Acquisition by 50.2% during the second quarter. RPO LLC now owns 176,337 shares of the company's stock valued at $1,808,000 after acquiring an additional 58,960 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

About Data Knights Acquisition

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Data Knights Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the data centers and internet technology sectors. The company was incorporated in 2021 and is based in Chessington, the United Kingdom.

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