Digital Health Acquisition Corp. (NASDAQ:DHAC) Sees Significant Growth in Short Interest

Digital Health Acquisition Corp. (NASDAQ:DHACGet Free Report) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,600 shares, a growth of 15.0% from the February 29th total of 4,000 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 1,200 shares, the short-interest ratio is currently 3.8 days.

Digital Health Acquisition Stock Performance

DHAC stock traded down $0.59 during trading on Tuesday, hitting $11.78. The company had a trading volume of 27,975 shares, compared to its average volume of 4,599. Digital Health Acquisition has a 1-year low of $11.07 and a 1-year high of $14.49. The firm has a 50-day moving average price of $11.80 and a 200-day moving average price of $12.08.

Institutional Investors Weigh In On Digital Health Acquisition

Several institutional investors have recently modified their holdings of DHAC. Caas Capital Management LP lifted its stake in Digital Health Acquisition by 8.2% in the 2nd quarter. Caas Capital Management LP now owns 20,292 shares of the company’s stock valued at $236,000 after buying an additional 1,541 shares in the last quarter. Starboard Value LP acquired a new position in Digital Health Acquisition in the 1st quarter valued at $6,172,000. Saba Capital Management L.P. raised its holdings in Digital Health Acquisition by 34.8% in the 1st quarter. Saba Capital Management L.P. now owns 500,205 shares of the company’s stock valued at $5,005,000 after acquiring an additional 129,196 shares during the last quarter. Spring Creek Capital LLC acquired a new position in Digital Health Acquisition in the 1st quarter valued at $2,416,000. Finally, Radcliffe Capital Management L.P. acquired a new position in Digital Health Acquisition in the 1st quarter valued at $1,001,000. Hedge funds and other institutional investors own 1.01% of the company’s stock.

Digital Health Acquisition Company Profile

(Get Free Report)

Digital Health Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on technology and healthcare focused businesses.

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