Digital World Acquisition Corp. (NASDAQ:DWACW) Short Interest Up 28.8% in December

Digital World Acquisition Corp. (NASDAQ:DWACWGet Rating) was the target of a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 68,500 shares, a growth of 28.8% from the December 15th total of 53,200 shares. Based on an average daily volume of 209,700 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Digital World Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in DWACW. Zazove Associates LLC acquired a new stake in Digital World Acquisition in the third quarter worth about $1,372,000. Aristeia Capital LLC increased its position in Digital World Acquisition by 32.1% in the third quarter. Aristeia Capital LLC now owns 199,656 shares of the company’s stock worth $712,000 after purchasing an additional 48,549 shares during the period. Marathon Trading Investment Management LLC increased its position in Digital World Acquisition by 24.8% in the second quarter. Marathon Trading Investment Management LLC now owns 36,561 shares of the company’s stock worth $213,000 after purchasing an additional 7,255 shares during the period. Bell Rock Capital LLC acquired a new position in shares of Digital World Acquisition during the 3rd quarter worth about $86,000. Finally, UBS Group AG grew its position in shares of Digital World Acquisition by 1,029.8% during the 3rd quarter. UBS Group AG now owns 20,393 shares of the company’s stock worth $73,000 after buying an additional 18,588 shares during the period.

Digital World Acquisition Stock Performance

Shares of DWACW opened at $3.75 on Friday. Digital World Acquisition has a 12-month low of $3.28 and a 12-month high of $32.28. The stock’s 50-day moving average price is $4.67 and its 200 day moving average price is $5.32.

About Digital World Acquisition

(Get Rating)

Digital World Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify on technology-focused companies in the SaaS and technology, or fintech and financial services sector in the Americas.

Featured Articles

Receive News & Ratings for Digital World Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital World Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.