Denali Capital Acquisition Corp. (NASDAQ:DECA) Short Interest Up 23.1% in August

Denali Capital Acquisition Corp. (NASDAQ:DECA) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 8,000 shares, an increase of 23.1% from the August 15th total of 6,500 shares. Based on an average daily trading volume, of 50,800 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Denali Capital Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Calamos Advisors LLC acquired a new position in shares of Denali Capital Acquisition during the 1st quarter worth approximately $3,664,000. Shaolin Capital Management LLC increased its position in shares of Denali Capital Acquisition by 35.3% during the 2nd quarter. Shaolin Capital Management LLC now owns 297,599 shares of the company’s stock worth $3,187,000 after purchasing an additional 77,599 shares during the last quarter. Sea Otter Advisors LLC acquired a new position in shares of Denali Capital Acquisition during the 1st quarter worth approximately $1,193,000. Berkley W R Corp acquired a new position in shares of Denali Capital Acquisition during the 1st quarter worth approximately $698,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Denali Capital Acquisition during the 4th quarter worth approximately $331,000.

Denali Capital Acquisition Stock Up 0.5 %

Denali Capital Acquisition stock traded up $0.06 during midday trading on Monday, reaching $10.98. The stock had a trading volume of 33,387 shares, compared to its average volume of 45,215. The firm’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $10.67. Denali Capital Acquisition has a 1-year low of $9.82 and a 1-year high of $11.84.

Denali Capital Acquisition Company Profile

Denali Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. It intends to complete a business combination with companies primarily operating in the technology, consumer, and hospitality sectors.