Distoken Acquisition Co. (NASDAQ:DIST) Sees Large Decline in Short Interest

Distoken Acquisition Co. (NASDAQ:DIST) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,800 shares, a decline of 5.3% from the October 15th total of 1,900 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Distoken Acquisition Stock Performance

DIST opened at $10.59 on Friday. Distoken Acquisition has a one year low of $10.15 and a one year high of $11.17. The business’s fifty day moving average is $10.53 and its two-hundred day moving average is $10.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DIST. Mizuho Securities USA LLC purchased a new position in Distoken Acquisition during the 3rd quarter valued at about $200,000. Schonfeld Strategic Advisors LLC purchased a new stake in Distoken Acquisition in the 1st quarter valued at approximately $254,000. Clear Street LLC acquired a new stake in Distoken Acquisition during the 1st quarter valued at $298,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Distoken Acquisition during the first quarter worth $315,000. Finally, Gabelli Funds LLC acquired a new position in shares of Distoken Acquisition in the first quarter worth $447,000. Institutional investors and hedge funds own 68.44% of the company’s stock.

About Distoken Acquisition

Distoken Acquisition Corporation does not have significant operations. The company focus on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. It intends to focus on businesses in the technology industry that operates in Asia.