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Short Interest in Digital Health Acquisition Corp. (NASDAQ:DHAC) Drops By 69.1%

Financial News Live ·  Jan 27, 2023 17:24

Digital Health Acquisition Corp. (NASDAQ:DHAC – Get Rating) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 3,000 shares, a drop of 69.1% from the December 31st total of 9,700 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 2,400 shares, the short-interest ratio is currently 1.3 days.

Digital Health Acquisition Price Performance

NASDAQ DHAC remained flat at $10.71 on Friday. Digital Health Acquisition has a twelve month low of $9.88 and a twelve month high of $11.00. The firm's fifty day moving average is $10.67 and its two-hundred day moving average is $10.36.

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Hedge Funds Weigh In On Digital Health Acquisition

Institutional investors have recently modified their holdings of the business. Spring Creek Capital LLC bought a new position in Digital Health Acquisition in the 1st quarter valued at approximately $2,416,000. Starboard Value LP bought a new position in shares of Digital Health Acquisition in the 1st quarter valued at $6,172,000. Rivernorth Capital Management LLC acquired a new stake in shares of Digital Health Acquisition during the 1st quarter valued at $750,000. Goldman Sachs Group Inc. grew its position in Digital Health Acquisition by 76.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 70,628 shares of the company's stock worth $706,000 after acquiring an additional 30,578 shares during the last quarter. Finally, Saba Capital Management L.P. increased its holdings in Digital Health Acquisition by 34.8% in the 1st quarter. Saba Capital Management L.P. now owns 500,205 shares of the company's stock worth $5,005,000 after purchasing an additional 129,196 shares in the last quarter.

Digital Health Acquisition Company Profile

(Get Rating)

Digital Health Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on technology and healthcare focused businesses.

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