Compass Digital Acquisition Corp. (NASDAQ:CDAQ) is seeing big growth in short interest

Compass Digital Acquisition Corp. (NASDAQ:CDAQ – Get Free Report) saw significant growth in its short interest positions in May. As of May 31, short interest was 2,200 shares, an increase of 57.1% from May 15 of 1,400 shares. Based on average daily volume of 12,600 shares, the days to cover ratio is currently 0.2 days. Currently, short selling concerns 0.1% of the company’s shares.

Compass Digital Acquisition Price Performance

On Friday, NASDAQ CDAQ opened at $10.85. Compass Digital Acquisition has a 1-year low of $10.32 and a 1-year high of $12.00. The company’s 50-day moving average is $10.80 and its 200-day moving average is $10.70.

Institutional Trading in Compass Digital Acquisition

Several large investors have recently modified their stake in the company. Virtu Financial LLC strengthened its position in Compass Digital Acquisition by 44.7% in the first quarter. Virtu Financial LLC now owns 46,245 shares of the company’s stock valued at $495,000 after acquiring an additional 14,283 shares in the last quarter. Robinson Capital Management LLC bought a new stake in Compass Digital Acquisition during the 4th quarter worth approximately $183,000. Tidal Investments LLC bought a new stake in Compass Digital Acquisition during the first quarter worth approximately $249,000. Mizuho Securities USA LLC strengthened its position in Compass Digital acquisitions by 10.8% in the first quarter. Mizuho Securities USA LLC now owns 256,206 shares of the company’s stock valued at $2,716,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Berkley WR Corp increased its position in Compass Digital Acquisition by 821.0% during the first quarter. Berkley WR Corp now owns 498,632 shares of the company’s stock valued at $5,335,000 after acquiring an additional 444,489 shares in the last quarter. 77.38% of the shares are in the hands of institutional investors.

Information about Compass’ digital acquisition

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Compass Digital Acquisition Corp. does not conduct any significant activity. Intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more enterprises. The company intends to focus its search on companies in technology sectors, including software and technology-enabled digital transformation services.

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