Short Interest in Duddell Street Acquisition Corp. (NASDAQ:DSAC) Drops By 93.3%

Duddell Street Acquisition Corp. (NASDAQ:DSAC) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 696 shares, a decrease of 93.3% from the August 15th total of 10,318 shares. Based on an average daily trading volume, of 78,035 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DSAC. Weiss Ratings upgraded shares of Duddell Street Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. Wall Street Zen raised Duddell Street Acquisition to a “hold” rating in a research report on Saturday, September 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Duddell Street Acquisition Stock Performance

Shares of DSAC remained flat at $10.19 during midday trading on Thursday. The stock had a trading volume of 1,256,846 shares, compared to its average volume of 84,285. The firm has a fifty day moving average of $10.16 and a 200 day moving average of $10.04. Duddell Street Acquisition has a 12 month low of $9.90 and a 12 month high of $10.47.

Duddell Street Acquisition Company Profile

Duddell Street 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 was incorporated in 2020 and is based in Central, Hong Kong.