Duddell Street Acquisition Corp. (NASDAQ:DSAC) Sees Significant Decline in Short Interest

Duddell Street Acquisition Corp. (NASDAQ:DSAC) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 364 shares, a decrease of 47.7% from the August 31st total of 696 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 275,780 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

Duddell Street Acquisition Stock Performance

Shares of Duddell Street Acquisition stock remained flat at $10.14 during trading on Wednesday. 80 shares of the stock were exchanged, compared to its average volume of 91,948. The stock’s 50-day moving average is $10.16 and its two-hundred day moving average is $10.06. Duddell Street Acquisition has a one year low of $9.90 and a one year high of $10.47.

Duddell Street Acquisition Company Profile

Duddell Street Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with an operating company. As a SPAC, it did not have significant independent operating activities, products, or services of its own.

The company completed its business combination with FiscalNote Holdings, Inc in 2022. FiscalNote provides enterprise software and data solutions designed to help organizations monitor and analyze legal, regulatory, policy, and geopolitical information.