Compass Digital Acquisition Corp. (NASDAQ:CDAQ) Short Interest Update

Compass Digital Acquisition Corp. (NASDAQ:CDAQ) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 500 shares, a drop of 81.5% from the July 31st total of 2,700 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 31,200 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Compass Digital Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. Robinson Capital Management LLC bought a new stake in Compass Digital Acquisition during the 4th quarter valued at about $183,000. Mizuho Securities USA LLC bought a new stake in shares of Compass Digital Acquisition during the fourth quarter valued at approximately $2,425,000. Virtu Financial LLC increased its position in shares of Compass Digital Acquisition by 127.2% during the fourth quarter. Virtu Financial LLC now owns 31,962 shares of the company’s stock valued at $338,000 after acquiring an additional 17,892 shares in the last quarter. Berkley W R Corp raised its holdings in Compass Digital Acquisition by 821.0% in the 1st quarter. Berkley W R Corp now owns 498,632 shares of the company’s stock worth $5,335,000 after acquiring an additional 444,489 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Compass Digital Acquisition in the 1st quarter valued at approximately $249,000. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Compass Digital Acquisition Stock Performance

Shares of CDAQ remained flat at $10.76 during trading hours on Wednesday. 112 shares of the stock were exchanged, compared to its average volume of 38,367. Compass Digital Acquisition has a 52-week low of $10.45 and a 52-week high of $12.50. The firm has a 50 day moving average price of $10.88 and a two-hundred day moving average price of $10.79.

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.