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

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

Compass Digital Acquisition Stock Up 0.1 %

CDAQ stock traded up $0.01 during trading on Friday, reaching $10.77. 10,008 shares of the company were exchanged, compared to its average volume of 29,062. Compass Digital Acquisition has a 52-week low of $10.23 and a 52-week high of $12.00. The stock’s 50 day moving average price is $10.70 and its 200 day moving average price is $10.62.

Institutional Trading of Compass Digital Acquisition

A number of institutional investors have recently added to or reduced their stakes in the stock. Karpus Management Inc. grew its position in shares of Compass Digital Acquisition by 69.4% in the third quarter. Karpus Management Inc. now owns 581,375 shares of the company’s stock valued at $6,128,000 after purchasing an additional 238,250 shares during the last quarter. Mizuho Securities USA LLC purchased a new position in Compass Digital Acquisition during the fourth quarter worth approximately $2,425,000. Virtu Financial LLC raised its stake in Compass Digital Acquisition by 127.2% during the fourth quarter. Virtu Financial LLC now owns 31,962 shares of the company’s stock worth $338,000 after purchasing an additional 17,892 shares during the period. Finally, Robinson Capital Management LLC purchased a new position in Compass Digital Acquisition during the fourth quarter worth approximately $183,000. Hedge funds and other institutional investors own 77.38% of the company’s stock.

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.