Digital Health Acquisition Corp. (NASDAQ:DHAC – Get Rating) was the target of a large increase in short interest in the month of December. As of December 30th, there was short interest totalling 9,700 shares, an increase of 18.3% from the December 15th total of 8,200 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 3.2 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Glazer Capital LLC lifted its holdings in Digital Health Acquisition by 80.4% in the 3rd quarter. Glazer Capital LLC now owns 22,550 shares of the company’s stock valued at $228,000 after purchasing an additional 10,048 shares in the last quarter. Berkley W R Corp lifted its holdings in Digital Health Acquisition by 5.9% in the 2nd quarter. Berkley W R Corp now owns 426,711 shares of the company’s stock valued at $4,280,000 after purchasing an additional 23,661 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Digital Health Acquisition by 76.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 70,628 shares of the company’s stock valued at $706,000 after purchasing an additional 30,578 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Digital Health Acquisition by 128.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 62,332 shares of the company’s stock valued at $625,000 after purchasing an additional 35,025 shares in the last quarter. Finally, Aristeia Capital LLC lifted its holdings in Digital Health Acquisition by 20.0% in the 2nd quarter. Aristeia Capital LLC now owns 300,000 shares of the company’s stock valued at $3,009,000 after purchasing an additional 50,000 shares in the last quarter.
Digital Health Acquisition Price Performance
Shares of NASDAQ DHAC opened at $10.79 on Friday. Digital Health Acquisition has a 52 week low of $9.88 and a 52 week high of $11.00. The company’s 50-day moving average price is $10.65 and its 200 day moving average price is $10.34.
Digital Health Acquisition Company Profile
Digital Health Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on technology and healthcare focused businesses.
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