Denali Capital Acquisition Corp. (NASDAQ:DECA) Short Interest Up 18.9% in March

Denali Capital Acquisition Corp. (NASDAQ:DECA) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 6,300 shares, an increase of 18.9% from the March 15th total of 5,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 36,200 shares, the days-to-cover ratio is currently 0.2 days.

Denali Capital Acquisition Stock Performance

DECA stock opened at $8.40 on Friday. Denali Capital Acquisition has a one year low of $4.05 and a one year high of $14.10. The firm’s fifty day moving average is $6.41 and its 200 day moving average is $8.64.

Hedge Funds Weigh In On Denali Capital Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cowen AND Company LLC lifted its stake in shares of Denali Capital Acquisition by 47.7% in the third quarter. Cowen AND Company LLC now owns 27,793 shares of the company’s stock worth $304,000 after buying an additional 8,979 shares in the last quarter. State Street Corp acquired a new position in shares of Denali Capital Acquisition in the second quarter valued at approximately $111,000. Clear Street LLC grew its holdings in shares of Denali Capital Acquisition by 4,549.6% in the fourth quarter. Clear Street LLC now owns 27,665 shares of the company’s stock valued at $281,000 after purchasing an additional 27,070 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Denali Capital Acquisition in the fourth quarter worth approximately $331,000. Finally, Polar Asset Management Partners Inc. lifted its stake in Denali Capital Acquisition by 10.0% in the first quarter. Polar Asset Management Partners Inc. now owns 550,000 shares of the company’s stock worth $5,758,000 after acquiring an additional 50,000 shares during the last quarter.

Denali Capital Acquisition Company Profile

Denali Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. It intends to complete a business combination with companies primarily operating in the technology, consumer, and hospitality sectors.