Crypto 1 Acquisition Corp (NASDAQ:DAOOU – Get Rating) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 400 shares, a decline of 20.0% from the May 15th total of 500 shares. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is currently 0.0 days.
A number of large investors have recently bought and sold shares of DAOOU. Saba Capital Management L.P. purchased a new stake in shares of Crypto 1 Acquisition in the 4th quarter valued at $18,023,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Crypto 1 Acquisition in the 4th quarter valued at $16,160,000. Kepos Capital LP acquired a new position in Crypto 1 Acquisition during the 4th quarter worth $11,110,000. Yakira Capital Management Inc. acquired a new position in Crypto 1 Acquisition during the 4th quarter worth $7,323,000. Finally, Karpus Management Inc. acquired a new position in Crypto 1 Acquisition during the 4th quarter worth $6,060,000.
NASDAQ:DAOOU traded down $0.08 on Thursday, reaching $9.95. The company’s stock had a trading volume of 45,576 shares, compared to its average volume of 36,044. Crypto 1 Acquisition has a 12-month low of $9.91 and a 12-month high of $11.15. The company has a 50 day moving average of $10.04.
Crypto 1 Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, or reorganization or any other similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Miami, Florida.
- Get a free copy of the StockNews.com research report on Crypto 1 Acquisition (DAOOU)
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