Short Interest in Data Knights Acquisition Corp. (NASDAQ:DKDCA) Declines By 60.0%

Data Knights Acquisition Corp. (NASDAQ:DKDCAGet Rating) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 600 shares, a decline of 60.0% from the April 30th total of 1,500 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 18,100 shares, the short-interest ratio is presently 0.0 days.

Hedge funds have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP acquired a new stake in Data Knights Acquisition during the 3rd quarter valued at approximately $9,547,000. Berkley W R Corp grew its stake in Data Knights Acquisition by 150.8% during the 3rd quarter. Berkley W R Corp now owns 372,096 shares of the company’s stock worth $3,739,000 after buying an additional 223,731 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Data Knights Acquisition during the third quarter valued at about $503,000. Whitebox Advisors LLC bought a new position in Data Knights Acquisition in the 3rd quarter worth approximately $1,005,000. Finally, CNH Partners LLC bought a new position in Data Knights Acquisition in the 3rd quarter valued at $1,005,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

Data Knights Acquisition stock remained flat at $$10.23 during trading hours on Friday. The company’s fifty day simple moving average is $10.20 and its two-hundred day simple moving average is $10.14. Data Knights Acquisition has a 12-month low of $9.81 and a 12-month high of $10.23.

About Data Knights Acquisition (Get Rating)

Data Knights 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 data centers and internet technology sectors. The company was incorporated in 2021 and is based in Chessington, the United Kingdom.

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