Digital Asset Acquisition Corp. (NASDAQ:DAAQU) Sees Significant Decrease in Short Interest

Digital Asset Acquisition Corp. (NASDAQ:DAAQU) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 2,100 shares, a decline of 32.3% from the September 30th total of 3,100 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,800 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 1,800 shares, the short-interest ratio is currently 1.2 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clear Street LLC bought a new position in Digital Asset Acquisition during the second quarter worth about $124,000. DLD Asset Management LP acquired a new stake in shares of Digital Asset Acquisition in the 2nd quarter valued at about $507,000. Harraden Circle Investments LLC acquired a new stake in shares of Digital Asset Acquisition in the 2nd quarter valued at about $540,000. Wealthspring Capital LLC acquired a new stake in shares of Digital Asset Acquisition in the 2nd quarter valued at about $2,231,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of Digital Asset Acquisition in the 2nd quarter valued at about $5,990,000.

Digital Asset Acquisition Trading Up 1.8%

DAAQU stock traded up $0.19 during midday trading on Tuesday, hitting $10.80. 1,300 shares of the company’s stock were exchanged, compared to its average volume of 55,331. The stock’s fifty day moving average is $10.58. Digital Asset Acquisition has a one year low of $10.06 and a one year high of $11.70.

About Digital Asset Acquisition

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.