DP Cap Acquisition Corp I (NASDAQ:DPCS – Get Rating) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 500 shares, a decline of 54.5% from the February 13th total of 1,100 shares. Based on an average trading volume of 174,600 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On DP Cap Acquisition Corp I
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada acquired a new position in shares of DP Cap Acquisition Corp I in the 1st quarter valued at about $30,000. Glazer Capital LLC grew its holdings in shares of DP Cap Acquisition Corp I by 6.6% in the fourth quarter. Glazer Capital LLC now owns 59,157 shares of the company's stock valued at $607,000 after acquiring an additional 3,688 shares in the last quarter. Aristeia Capital LLC grew its holdings in shares of DP Cap Acquisition Corp I by 0.6% in the third quarter. Aristeia Capital LLC now owns 830,000 shares of the company's stock valued at $8,375,000 after acquiring an additional 5,000 shares in the last quarter. First Trust Capital Management L.P. grew its holdings in shares of DP Cap Acquisition Corp I by 102.7% in the third quarter. First Trust Capital Management L.P. now owns 29,600 shares of the company's stock valued at $299,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of DP Cap Acquisition Corp I by 1.4% in the fourth quarter. Millennium Management LLC now owns 1,105,600 shares of the company's stock valued at $11,343,000 after acquiring an additional 15,000 shares in the last quarter. 68.22% of the stock is owned by institutional investors and hedge funds.
Get DP Cap Acquisition Corp I alerts:DP Cap Acquisition Corp I Price Performance
NASDAQ:DPCS remained flat at $10.40 during mid-day trading on Friday. The firm has a 50 day simple moving average of $10.34 and a 200-day simple moving average of $10.20. DP Cap Acquisition Corp I has a 12 month low of $9.90 and a 12 month high of $10.41.
About DP Cap Acquisition Corp I
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DP Cap Acquisition Corp I 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 in the tech-enabled consumer and technology sectors. DP Cap Acquisition Corp I was incorporated in 2021 and is based in Boston, Massachusetts.
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