Short Interest in Direct Selling Acquisition Corp. (NYSE:DSAQ) Grows By 300.0%

Direct Selling Acquisition Corp. (NYSE:DSAQGet Rating) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 400 shares, an increase of 300.0% from the August 15th total of 100 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Direct Selling Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mizuho Markets Americas LLC purchased a new position in Direct Selling Acquisition during the 2nd quarter valued at about $8,776,000. Saba Capital Management L.P. grew its stake in Direct Selling Acquisition by 8.4% during the 1st quarter. Saba Capital Management L.P. now owns 2,090,898 shares of the company’s stock valued at $20,909,000 after acquiring an additional 162,300 shares in the last quarter. Fir Tree Capital Management LP grew its stake in Direct Selling Acquisition by 7.7% during the 1st quarter. Fir Tree Capital Management LP now owns 1,043,317 shares of the company’s stock valued at $10,433,000 after acquiring an additional 75,000 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Direct Selling Acquisition during the 1st quarter valued at about $604,000. Finally, Berkley W R Corp lifted its holdings in shares of Direct Selling Acquisition by 52.0% during the 1st quarter. Berkley W R Corp now owns 700,430 shares of the company’s stock valued at $7,004,000 after buying an additional 239,550 shares during the last quarter. Hedge funds and other institutional investors own 72.50% of the company’s stock.

Direct Selling Acquisition Price Performance

Shares of DSAQ opened at $10.11 on Wednesday. The business’s 50-day moving average price is $10.07 and its 200 day moving average price is $10.03. Direct Selling Acquisition has a 1-year low of $9.78 and a 1-year high of $10.12.

Direct Selling Acquisition Company Profile

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Direct Selling Acquisition Corp. does not have significant operations. The company intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on searching businesses within the direct selling industry.

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