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Short Interest in Compass Digital Acquisition Corp. (NASDAQ:CDAQ) Decreases By 11.1%

Defense World ·  Jan 2, 2023 03:01

Compass Digital Acquisition Corp. (NASDAQ:CDAQ – Get Rating) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 8,000 shares, a drop of 11.1% from the November 30th total of 9,000 shares. Based on an average daily volume of 24,100 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Compass Digital Acquisition Price Performance

Shares of CDAQ opened at $10.02 on Monday. Compass Digital Acquisition has a 12 month low of $9.59 and a 12 month high of $10.03. The stock's 50 day moving average is $9.91 and its two-hundred day moving average is $9.78.

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Institutional Trading of Compass Digital Acquisition

Institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Compass Digital Acquisition in the first quarter valued at approximately $116,000. Schechter Investment Advisors LLC acquired a new stake in shares of Compass Digital Acquisition in the third quarter worth approximately $134,000. Wealthspring Capital LLC acquired a new stake in shares of Compass Digital Acquisition in the third quarter worth approximately $134,000. Exos Asset Management LLC acquired a new stake in shares of Compass Digital Acquisition in the second quarter worth approximately $288,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Compass Digital Acquisition in the third quarter worth approximately $289,000. 70.91% of the stock is owned by institutional investors and hedge funds.

Compass Digital Acquisition Company Profile

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Compass Digital Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company 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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