Data Knights Acquisition Corp. (NASDAQ:DKDCA – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 3,300 shares, a decline of 17.5% from the August 15th total of 4,000 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 4,300 shares, the days-to-cover ratio is currently 0.8 days.
Data Knights Acquisition Stock Performance
Shares of NASDAQ DKDCA traded up $0.17 during trading on Tuesday, hitting $11.34. The company had a trading volume of 177,644 shares, compared to its average volume of 13,283. Data Knights Acquisition has a 52 week low of $10.36 and a 52 week high of $11.87. The company has a market cap of $85.84 million, a P/E ratio of -58.79 and a beta of 0.03. The business’s 50-day moving average is $11.15 and its 200 day moving average is $10.92.
Institutional Trading of Data Knights Acquisition
Institutional investors and hedge funds have recently modified their holdings of the company. Caas Capital Management LP acquired a new position in shares of Data Knights Acquisition in the 2nd quarter valued at $114,000. Berkley W R Corp raised its stake in shares of Data Knights Acquisition by 61.6% during the 2nd quarter. Berkley W R Corp now owns 160,149 shares of the company’s stock worth $1,752,000 after purchasing an additional 61,050 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Data Knights Acquisition by 118.9% in the 2nd quarter. Mizuho Securities USA LLC now owns 218,874 shares of the company’s stock valued at $2,353,000 after buying an additional 118,874 shares during the last quarter. SkyView Investment Advisors LLC bought a new position in shares of Data Knights Acquisition in the first quarter valued at $1,009,000. Finally, Atlas Merchant Capital LLC acquired a new position in Data Knights Acquisition during the first quarter worth $1,390,000. 35.35% of the stock is currently owned by institutional investors.
About Data Knights Acquisition
Data Knights Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the data centers and internet technology sectors. Data Knights Acquisition Corp.
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