Short Interest in Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Rises By 434.9%

Digital Asset Acquisition Corp. (NASDAQ:DAAQW) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 337 shares, an increase of 434.9% from the April 15th total of 63 shares. Based on an average daily volume of 2,613 shares, the days-to-cover ratio is currently 0.1 days.

Digital Asset Acquisition Price Performance

DAAQW stock opened at $0.45 on Wednesday. Digital Asset Acquisition has a 52 week low of $0.32 and a 52 week high of $1.15. The company has a 50-day moving average of $0.38.

About Digital Asset Acquisition

We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.