Compass Digital Acquisition Corp. (NASDAQ:CDAQ) Sees Large Drop in Short Interest

Compass Digital Acquisition Corp. (NASDAQ:CDAQ) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a decline of 64.3% from the March 31st total of 1,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 16,400 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Compass Digital Acquisition

A number of large investors have recently bought and sold shares of the business. Robinson Capital Management LLC acquired a new position in Compass Digital Acquisition in the 4th quarter worth about $183,000. Virtu Financial LLC raised its holdings in Compass Digital Acquisition by 127.2% in the 4th quarter. Virtu Financial LLC now owns 31,962 shares of the company’s stock worth $338,000 after purchasing an additional 17,892 shares during the period. Mizuho Securities USA LLC acquired a new position in Compass Digital Acquisition in the 4th quarter worth about $2,425,000. Finally, Karpus Management Inc. raised its holdings in Compass Digital Acquisition by 69.4% in the 3rd quarter. Karpus Management Inc. now owns 581,375 shares of the company’s stock worth $6,128,000 after purchasing an additional 238,250 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

Compass Digital Acquisition Stock Performance

Shares of CDAQ stock traded up $0.01 on Thursday, hitting $10.76. The company had a trading volume of 110,394 shares, compared to its average volume of 29,453. The company has a 50-day moving average price of $10.70 and a 200-day moving average price of $10.62. Compass Digital Acquisition has a twelve month low of $10.23 and a twelve month high of $12.00.

Compass Digital Acquisition Company Profile

Compass Digital 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 intends to focus its search on companies in the technology sectors, including in the technology led digital transformation software and services sector.