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Short Interest in DHC Acquisition Corp. (NASDAQ:DHCA) Decreases By 22.1%

Defense World ·  Dec 16, 2022 04:21

DHC Acquisition Corp. (NASDAQ:DHCA – Get Rating) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 6,000 shares, a decrease of 22.1% from the November 15th total of 7,700 shares. Based on an average trading volume of 87,500 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

DHC Acquisition Price Performance

Shares of DHCA stock opened at $10.07 on Friday. DHC Acquisition has a 1 year low of $9.67 and a 1 year high of $10.30. The firm's fifty day simple moving average is $9.98 and its 200 day simple moving average is $9.89.

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Institutional Trading of DHC Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC lifted its stake in shares of DHC Acquisition by 1,024.3% in the third quarter. Wolverine Asset Management LLC now owns 3,800 shares of the company's stock valued at $37,000 after buying an additional 3,462 shares during the period. Centiva Capital LP bought a new stake in shares of DHC Acquisition during the second quarter valued at approximately $206,000. Basso Capital Management L.P. acquired a new position in shares of DHC Acquisition in the first quarter valued at $364,000. Luxor Capital Group LP bought a new position in DHC Acquisition in the third quarter worth $422,000. Finally, Schechter Investment Advisors LLC bought a new position in DHC Acquisition in the third quarter worth $482,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

DHC Acquisition Company Profile

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DHC Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Southlake, Texas.

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