Compass Digital Acquisition Corp. (NASDAQ:CDAQ) Short Interest Down 30.2% in April

Compass Digital Acquisition Corp. (NASDAQ:CDAQGet Rating) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 8,800 shares, a decrease of 30.2% from the March 31st total of 12,600 shares. Based on an average trading volume of 31,400 shares, the short-interest ratio is presently 0.3 days.

Shares of Compass Digital Acquisition stock opened at $9.70 on Friday. The business’s 50 day moving average is $9.65. Compass Digital Acquisition has a 1-year low of $9.59 and a 1-year high of $9.74.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC acquired a new stake in shares of Compass Digital Acquisition in the 4th quarter worth $133,000. Saba Capital Management L.P. purchased a new position in Compass Digital Acquisition during the fourth quarter worth about $1,443,000. Corbin Capital Partners L.P. purchased a new position in Compass Digital Acquisition during the fourth quarter worth about $1,766,000. Marshall Wace LLP acquired a new position in Compass Digital Acquisition in the 4th quarter valued at about $2,791,000. Finally, Bank of America Corp DE acquired a new stake in shares of Compass Digital Acquisition during the 4th quarter worth approximately $3,720,000. 2.08% of the stock is currently owned by institutional investors.

Compass Digital Acquisition Company Profile (Get Rating)

Compass Digital Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on companies in the technology sectors, including in the technology led digital transformation software and services sector.

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