Compass Digital Acquisition Corp. (NASDAQ:CDAQW – Get Rating) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 400 shares, a decline of 20.0% from the September 30th total of 500 shares. Based on an average daily trading volume, of 10,800 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Compass Digital Acquisition stock. Verition Fund Management LLC bought a new position in Compass Digital Acquisition Corp. (NASDAQ:CDAQW – Get Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 58,247 shares of the company's stock, valued at approximately $26,000.
Get Compass Digital Acquisition alerts:Compass Digital Acquisition Stock Performance
CDAQW traded up $0.01 during trading on Friday, hitting $0.08. 13,277 shares of the company's stock traded hands, compared to its average volume of 13,054. The company's 50 day simple moving average is $0.11 and its two-hundred day simple moving average is $0.19. Compass Digital Acquisition has a 12-month low of $0.05 and a 12-month high of $0.95.
About Compass Digital Acquisition
(Get Rating)Compass Digital Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the technology sectors, including in the technology led digital transformation software and services sector.
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