Compass Digital Acquisition Corp. (NASDAQ:CDAQW) Short Interest Down 5.5% in February

Compass Digital Acquisition Corp. (NASDAQ:CDAQW – Get Rating) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 8,600 shares, a decrease of 5.5% from the January 31st total of 9,100 shares. Based on an average daily trading volume, of 10,400 shares, the short-interest ratio is currently 0.8 days.

Compass Digital Acquisition Stock Up 12.6 %

NASDAQ CDAQW opened at $0.16 on Monday. The firm’s fifty day moving average price is $0.12 and its 200 day moving average price is $0.10. Compass Digital Acquisition has a 12 month low of $0.05 and a 12 month high of $0.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Compass Digital Acquisition stock. Verition Fund Management LLC bought a new stake in Compass Digital Acquisition Corp. (NASDAQ:CDAQW – Get Rating) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 58,247 shares of the company’s stock, valued at approximately $26,000.

Compass Digital Acquisition Company Profile

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Compass Digital Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the technology sectors, including in the technology led digital transformation software and services sector.