DUET Acquisition Corp. (NASDAQ:DUET – Get Rating) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,300 shares, a growth of 8.3% from the January 15th total of 1,200 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 33,400 shares, the short-interest ratio is presently 0.0 days.
DUET Acquisition Price Performance
Shares of DUET traded down $0.02 on Friday, hitting $10.25. 2,023 shares of the stock traded hands, compared to its average volume of 81,684. The business has a 50 day simple moving average of $10.14 and a 200 day simple moving average of $10.03. DUET Acquisition has a one year low of $9.78 and a one year high of $10.65.
Get DUET Acquisition alerts:Institutional Investors Weigh In On DUET Acquisition
Several institutional investors and hedge funds have recently made changes to their positions in DUET. Centiva Capital LP grew its position in DUET Acquisition by 8.8% in the 3rd quarter. Centiva Capital LP now owns 27,641 shares of the company's stock worth $273,000 after purchasing an additional 2,237 shares during the period. Meteora Capital LLC bought a new stake in DUET Acquisition in the 4th quarter worth approximately $105,000. State Street Corp bought a new stake in DUET Acquisition in the 3rd quarter worth approximately $126,000. Ergoteles LLC bought a new stake in DUET Acquisition in the 3rd quarter worth approximately $225,000. Finally, Karpus Management Inc. grew its position in DUET Acquisition by 7.9% in the 3rd quarter. Karpus Management Inc. now owns 320,950 shares of the company's stock worth $3,177,000 after purchasing an additional 23,625 shares during the period. Institutional investors own 97.71% of the company's stock.
About DUET Acquisition
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DUET Acquisition Corp. does not have significant operation. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.
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