Digital Transformation Opportunities Corp. (NASDAQ:DTOC) Short Interest Update

Digital Transformation Opportunities Corp. (NASDAQ:DTOC – Get Rating) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 2,800 shares, a growth of 300.0% from the April 30th total of 700 shares. Based on an average daily trading volume, of 14,900 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Digital Transformation Opportunities Price Performance

Shares of DTOC remained flat at $10.25 during trading hours on Friday. 120 shares of the stock were exchanged, compared to its average volume of 149,796. The business has a 50-day moving average price of $10.25. Digital Transformation Opportunities has a 12-month low of $9.75 and a 12-month high of $10.65.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DTOC. Elequin Securities LLC grew its stake in shares of Digital Transformation Opportunities by 1,470.0% in the 4th quarter. Elequin Securities LLC now owns 15,700 shares of the company’s stock valued at $158,000 after buying an additional 14,700 shares during the period. Yakira Capital Management Inc. purchased a new stake in shares of Digital Transformation Opportunities in the 4th quarter valued at approximately $1,004,000. RPO LLC purchased a new position in shares of Digital Transformation Opportunities during the 4th quarter worth approximately $1,899,000. Spartan Fund Management Inc. purchased a new position in shares of Digital Transformation Opportunities during the 4th quarter worth approximately $1,919,000. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of Digital Transformation Opportunities by 98.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 48,000 shares of the company’s stock worth $482,000 after purchasing an additional 23,784 shares during the period.

Digital Transformation Opportunities Company Profile

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Digital Transformation Opportunities Corp., a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities. The company was founded in 2020 and is based in Bellevue, Washington.