Short Interest in Denali Capital Acquisition Corp. (NASDAQ:DECAU) Rises By 56.3%

Denali Capital Acquisition Corp. (NASDAQ:DECAU) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 2,500 shares, a growth of 56.3% from the March 31st total of 1,600 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 100 shares, the short-interest ratio is currently 25.0 days.

Denali Capital Acquisition Stock Up 16.3 %

NASDAQ:DECAU opened at $9.50 on Monday. Denali Capital Acquisition has a 1 year low of $4.88 and a 1 year high of $12.23. The business has a 50 day simple moving average of $7.43 and a 200-day simple moving average of $8.58.

About Denali Capital Acquisition

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.