Short Interest in Digital Asset Acquisition Corp. (NASDAQ:DAAQU) Drops By 56.7%

Posted by Alanna Baker on Jan 29th, 2026

Digital Asset Acquisition Corp. (NASDAQ:DAAQU – Get Free Report) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 974 shares, a drop of 56.7% from the December 31st total of 2,252 shares. Based on an average trading volume of 580 shares, the days-to-cover ratio is presently 1.7 days. Based on an average trading volume of 580 shares, the days-to-cover ratio is presently 1.7 days.

Digital Asset Acquisition Stock Performance

Shares of NASDAQ:DAAQU traded up $0.02 on Thursday, reaching $10.42. 19,409 shares of the company’s stock were exchanged, compared to its average volume of 4,944. Digital Asset Acquisition has a twelve month low of $10.06 and a twelve month high of $11.70. The company has a fifty day moving average of $10.48 and a 200-day moving average of $10.59.

Institutional Trading of Digital Asset Acquisition

A number of institutional investors have recently modified their holdings of the stock. Alberta Investment Management Corp bought a new position in shares of Digital Asset Acquisition in the second quarter worth $5,990,000. Wealthspring Capital LLC bought a new position in Digital Asset Acquisition in the 2nd quarter valued at about $2,231,000. Clear Street Group Inc. acquired a new position in shares of Digital Asset Acquisition in the 3rd quarter valued at approximately $977,000. Harraden Circle Investments LLC bought a new stake in Digital Asset Acquisition during the second quarter worth $540,000. Finally, DLD Asset Management LP acquired a new stake in shares of Digital Asset Acquisition in the 2nd quarter valued at $507,000.

Digital Asset Acquisition Company Profile

(Get Free Report)

Digital Asset Acquisition Corp. (NASDAQ: DAAQU) is a special purpose acquisition company (SPAC) incorporated as an exempted company in the Cayman Islands. The company completed its initial public offering of units and is listed on the NASDAQ Capital Market under the ticker DAAQU. As a blank-check vehicle, its primary objective is to identify, acquire or merge with one or more businesses operating in the digital asset ecosystem within a prescribed timeframe.

The company’s investment focus spans a broad array of digital-asset related activities, including blockchain infrastructure, decentralized finance (DeFi) platforms, digital asset custody and security solutions, tokenization services, and related financial technologies.