Duddell Street Acquisition Corp. (NASDAQ:DSACW) Short Interest Up 89.3% in May

Duddell Street Acquisition Corp. (NASDAQ:DSACWGet Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 5,300 shares, a growth of 89.3% from the April 30th total of 2,800 shares. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is currently 0.9 days.

An institutional investor recently raised its position in Duddell Street Acquisition stock. Highbridge Capital Management LLC raised its holdings in Duddell Street Acquisition Corp. (NASDAQ:DSACWGet Rating) by 15.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 655,015 shares of the company’s stock after buying an additional 86,261 shares during the quarter. Highbridge Capital Management LLC’s holdings in Duddell Street Acquisition were worth $439,000 at the end of the most recent quarter.

DSACW opened at $0.94 on Friday. Duddell Street Acquisition has a fifty-two week low of $0.46 and a fifty-two week high of $1.50.

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