Compass Digital Acquisition Corp. (NASDAQ:CDAQ) Sees Significant Decline in Short Interest

Compass Digital Acquisition Corp. (NASDAQ:CDAQ) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a drop of 64.3% from the March 31st total of 1,400 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 16,400 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Compass Digital Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC raised its position in shares of Compass Digital Acquisition by 127.2% during the 4th quarter. Virtu Financial LLC now owns 31,962 shares of the company’s stock valued at $338,000 after buying an additional 17,892 shares in the last quarter. Mizuho Securities USA LLC purchased a new position in Compass Digital Acquisition in the 4th quarter worth $2,425,000. Robinson Capital Management LLC purchased a new position in Compass Digital Acquisition in the 4th quarter worth $183,000. Finally, Karpus Management Inc. raised its position in Compass Digital Acquisition by 69.4% in the 3rd quarter. Karpus Management Inc. now owns 581,375 shares of the company’s stock worth $6,128,000 after purchasing an additional 238,250 shares during the period. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Compass Digital Acquisition Stock Up 0.1 %

NASDAQ:CDAQ traded up $0.01 during trading hours on Friday, hitting $10.77. The stock had a trading volume of 10,008 shares, compared to its average volume of 29,062. The company has a 50 day simple moving average of $10.70 and a two-hundred day simple moving average of $10.62. Compass Digital Acquisition has a one year low of $10.23 and a one year high of $12.00.

Compass Digital Acquisition Company Profile

Compass Digital Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on companies in the technology sectors, including in the technology led digital transformation software and services sector.