Denali Capital Acquisition Corp. (NASDAQ:DECA – Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 6,300 shares, an increase of 18.9% from the March 15th total of 5,300 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 36,200 shares, the days-to-cover ratio is presently 0.2 days.
Denali Capital Acquisition Price Performance
Denali Capital Acquisition stock opened at $8.05 on Tuesday. Denali Capital Acquisition has a 52 week low of $4.05 and a 52 week high of $14.10. The company’s 50 day moving average price is $6.48 and its two-hundred day moving average price is $8.60.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Mizuho Securities USA LLC lifted its holdings in shares of Denali Capital Acquisition by 175.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 613,000 shares of the company’s stock worth $6,620,000 after acquiring an additional 390,833 shares during the last quarter. Westchester Capital Management LLC bought a new stake in Denali Capital Acquisition in the third quarter worth $3,801,000. Cohanzick Management LLC bought a new stake in Denali Capital Acquisition in the fourth quarter worth $2,098,000. Glazer Capital LLC lifted its stake in Denali Capital Acquisition by 133.3% in the fourth quarter. Glazer Capital LLC now owns 310,944 shares of the company’s stock worth $3,430,000 after purchasing an additional 177,640 shares during the last quarter. Finally, K2 Principal Fund L.P. bought a new stake in Denali Capital Acquisition in the third quarter worth $1,649,000.
Denali Capital Acquisition Company Profile
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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