Short Interest in Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Expands By 129.3%

Digital Asset Acquisition Corp. (NASDAQ:DAAQW) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 15,116 shares, a growth of 129.3% from the July 15th total of 6,591 shares. Based on an average daily volume of 6,235 shares, the short-interest ratio is presently 2.4 days.

Digital Asset Acquisition Trading Down 30.4%

Shares of NASDAQ DAAQW traded down $0.07 during midday trading on Friday, hitting $0.17. The company’s stock had a trading volume of 108,188 shares, compared to its average volume of 18,223. Digital Asset Acquisition has a 1-year low of $0.15 and a 1-year high of $0.90. The firm’s fifty day moving average price is $0.38 and its 200-day moving average price is $0.40.

Digital Asset Acquisition Company Profile

We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.