Short Interest in Duddell Street Acquisition Corp. (NASDAQ:DSAC) Drops By 93.3%

Duddell Street Acquisition Corp. (NASDAQ:DSAC) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 696 shares, a decrease of 93.3% from the August 15th total of 10,318 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 78,035 shares, the short-interest ratio is currently 0.0 days.

Duddell Street Acquisition Stock Performance

Shares of NASDAQ:DSAC remained flat at $10.19 during midday trading on Friday. The company had a trading volume of 78 shares, compared to its average volume of 84,285. Duddell Street Acquisition has a 12-month low of $9.90 and a 12-month high of $10.47. The firm’s fifty day moving average is $10.16 and its 200-day moving average is $10.04.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DSAC. Wall Street Zen upgraded shares of Duddell Street Acquisition to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings upgraded shares of Duddell Street Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About Duddell Street Acquisition

Duddell Street Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Central, Hong Kong.