D and Z Media Acquisition Corp. (NYSE:DNZ) Short Interest Up 47.6% in April

D and Z Media Acquisition Corp. (NYSE:DNZGet Rating) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 3,100 shares, an increase of 47.6% from the March 31st total of 2,100 shares. Based on an average trading volume of 40,100 shares, the days-to-cover ratio is presently 0.1 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OTA Financial Group L.P. acquired a new position in shares of D and Z Media Acquisition in the first quarter worth $300,000. Saba Capital Management L.P. raised its holdings in shares of D and Z Media Acquisition by 33.2% in the fourth quarter. Saba Capital Management L.P. now owns 432,303 shares of the company’s stock worth $4,215,000 after acquiring an additional 107,751 shares during the last quarter. 683 Capital Management LLC raised its holdings in shares of D and Z Media Acquisition by 33.3% in the fourth quarter. 683 Capital Management LLC now owns 400,000 shares of the company’s stock worth $3,901,000 after acquiring an additional 100,000 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of D and Z Media Acquisition by 2.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 326,433 shares of the company’s stock worth $3,183,000 after acquiring an additional 6,892 shares during the last quarter. Finally, Cantor Fitzgerald Investment Adviser L.P. acquired a new position in shares of D and Z Media Acquisition in the fourth quarter worth $1,055,000. 55.40% of the stock is owned by institutional investors.

Shares of NYSE DNZ remained flat at $$9.81 during trading on Friday. The stock had a trading volume of 92 shares, compared to its average volume of 2,457. D and Z Media Acquisition has a 12 month low of $9.60 and a 12 month high of $9.89. The business’s fifty day simple moving average is $9.78 and its 200-day simple moving average is $9.76.

D and Z Media Acquisition Company Profile (Get Rating)

D and Z Media Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization/other business combination with one or more businesses. The company was incorporated in 2020 and is based in Atlanta, Georgia.

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