Short Interest in Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Increases By 129.3%

Digital Asset Acquisition Corp. (NASDAQ:DAAQW – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 15,116 shares, an increase of 129.3% from the July 15th total of 6,591 shares. Based on an average daily volume of 6,235 shares, the days-to-cover ratio is presently 2.4 days.

Digital Asset Acquisition Price Performance

NASDAQ DAAQW traded down $0.07 on Friday, hitting $0.17. The stock had a trading volume of 108,188 shares, compared to its average volume of 18,223. The company’s 50-day moving average is $0.38 and its two-hundred day moving average is $0.40. Digital Asset Acquisition has a one year low of $0.15 and a one year high of $0.90.

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About Digital Asset Acquisition

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We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

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