Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Sees Significant Growth in Short Interest

Digital Asset Acquisition Corp. (NASDAQ:DAAQW – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 9,703 shares, an increase of 12,667.1% from the May 14th total of 76 shares. Based on an average daily volume of 5,776 shares, the short-interest ratio is presently 1.7 days.

Digital Asset Acquisition Price Performance

DAAQW stock traded down $0.07 during trading on Tuesday, hitting $0.44. The company had a trading volume of 400 shares, compared to its average volume of 21,393. Digital Asset Acquisition has a one year low of $0.32 and a one year high of $1.06. The stock has a 50-day moving average price of $0.41.

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About Digital Asset Acquisition

(Get Free Report)

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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