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DTRT Health Acquisition Corp. (NASDAQ:DTRT) Sees Large Growth in Short Interest

Financial News Live ·  Oct 27, 2022 16:51

DTRT Health Acquisition Corp. (NASDAQ:DTRT – Get Rating) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 93,500 shares, a growth of 130.9% from the September 30th total of 40,500 shares. Based on an average daily volume of 31,600 shares, the short-interest ratio is currently 3.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors acquired a new position in DTRT Health Acquisition during the 1st quarter worth $48,000. UBS Group AG lifted its position in DTRT Health Acquisition by 1,627.2% during the 2nd quarter. UBS Group AG now owns 8,688 shares of the company's stock worth $87,000 after acquiring an additional 8,185 shares during the last quarter. Cheyne Capital Management UK LLP acquired a new position in DTRT Health Acquisition during the 1st quarter worth $100,000. Goldman Sachs Group Inc. acquired a new position in DTRT Health Acquisition during the 1st quarter worth $140,000. Finally, Royal Bank of Canada lifted its position in DTRT Health Acquisition by 215.0% during the 1st quarter. Royal Bank of Canada now owns 16,190 shares of the company's stock worth $162,000 after acquiring an additional 11,050 shares during the last quarter. Institutional investors and hedge funds own 64.50% of the company's stock.

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DTRT Health Acquisition Stock Up 0.1 %

DTRT Health Acquisition stock traded up $0.01 on Thursday, reaching $10.22. 100 shares of the stock were exchanged, compared to its average volume of 69,933. DTRT Health Acquisition has a twelve month low of $9.90 and a twelve month high of $10.55. The firm has a fifty day moving average price of $10.15 and a two-hundred day moving average price of $10.09.

DTRT Health Acquisition Company Profile

(Get Rating)

DTRT Health Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses or assets. The company was incorporated in 2021 and is based in Oak Brook, Illinois.

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