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

Duddell Street Acquisition Corp. (NASDAQ:DSAC) saw a significant decrease in short interest in 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. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 275,780 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several research firms have weighed in on DSAC. Weiss Ratings reissued a “sell (e+)” rating on shares of Duddell Street Acquisition in a research report on Monday. Wall Street Zen upgraded Duddell Street Acquisition to a “hold” rating in a research note on Saturday, September 5th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Duddell Street Acquisition Trading Down 0.2%

Shares of NASDAQ:DSAC traded down $0.02 during mid-day trading on Thursday, reaching $10.12. The company had a trading volume of 60,872 shares, compared to its average volume of 91,708. Duddell Street Acquisition has a one year low of $9.90 and a one year high of $10.47. The company’s 50-day moving average price is $10.16 and its 200-day moving average price is $10.06.

About Duddell Street Acquisition

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.