Short Interest in Digital World Acquisition Corp. (NASDAQ:DWACU) Rises By 27.2%

Digital World Acquisition Corp. (NASDAQ:DWACUGet Rating) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 17,300 shares, a growth of 27.2% from the March 15th total of 13,600 shares. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is currently 1.4 days.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ATW Spac Management LLC acquired a new stake in Digital World Acquisition in the 3rd quarter worth $24,129,000. Hudson Bay Capital Management LP acquired a new stake in shares of Digital World Acquisition during the 3rd quarter valued at about $24,565,000. Ancora Advisors LLC acquired a new stake in shares of Digital World Acquisition during the 3rd quarter valued at about $197,000. Schonfeld Strategic Advisors LLC bought a new position in Digital World Acquisition during the 3rd quarter valued at about $760,000. Finally, CNH Partners LLC bought a new position in Digital World Acquisition during the 3rd quarter valued at about $1,518,000.

Shares of DWACU opened at $58.47 on Monday. Digital World Acquisition has a one year low of $9.98 and a one year high of $143.53. The company’s fifty day moving average price is $82.81 and its 200 day moving average price is $68.75.

About Digital World Acquisition (Get Rating)

Digital World Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology, SaaS, fintech, or financial services sector in the Americas.

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