Denali Capital Acquisition Corp. (NASDAQ:DECAU) Sees Significant Increase in Short Interest

Denali Capital Acquisition Corp. (NASDAQ:DECAUGet Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,900 shares, an increase of 11.8% from the February 29th total of 1,700 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 300 shares, the short-interest ratio is presently 6.3 days.

Denali Capital Acquisition Stock Performance

DECAU stock remained flat at $9.00 during mid-day trading on Tuesday. The firm has a fifty day moving average of $6.11 and a 200-day moving average of $8.88. Denali Capital Acquisition has a 52-week low of $4.88 and a 52-week high of $12.23.

Institutional Investors Weigh In On Denali Capital Acquisition

A hedge fund recently bought a new stake in Denali Capital Acquisition stock. Cubist Systematic Strategies LLC bought a new stake in Denali Capital Acquisition Corp. (NASDAQ:DECAUFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 393,423 shares of the company’s stock, valued at approximately $3,922,000.

Denali Capital Acquisition Company Profile

(Get Free Report)

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.

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