Duddell Street Acquisition (OTCMKTS:DSACU) Shares Down 0.4% – Time to Sell?

Duddell Street Acquisition Corp. (OTCMKTS:DSACU) traded down 0.4% on Tuesday . The company traded as low as $10.03 and last traded at $10.03. 103 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 38,327 shares. The stock had previously closed at $10.07.

Duddell Street Acquisition Trading Down 0.4%

The firm has a 50-day moving average of $10.09 and a 200-day moving average of $9.65.

Duddell Street Acquisition Company Profile

Duddell Street Acquisition Corp (OTCMKTS: DSACU) is a Cayman Islands–incorporated special purpose acquisition company formed in November 2020. As a blank check vehicle, it raises capital through an initial public offering and holds proceeds in a secure trust account until it completes a qualifying business combination. The company’s units, each comprised of one share of common stock and a fraction of a warrant, trade on the OTC market under the ticker DSACU.

The primary objective of Duddell Street Acquisition is to identify and merge with one or more target businesses, with a particular emphasis on high-growth sectors across Asia.