Westchester Capital Management LLC bought a new stake in shares of Denali Capital Acquisition Corp. (NASDAQ:DECA – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 348,107 shares of the company’s stock, valued at approximately $3,801,000.
Other institutional investors have also added to or reduced their stakes in the company. Cowen AND Company LLC purchased a new position in Denali Capital Acquisition during the 2nd quarter valued at about $202,000. Kim LLC purchased a new position in shares of Denali Capital Acquisition in the 2nd quarter worth approximately $1,711,000. Berkley W R Corp grew its position in shares of Denali Capital Acquisition by 561.8% in the 2nd quarter. Berkley W R Corp now owns 441,433 shares of the company’s stock worth $4,730,000 after buying an additional 374,733 shares during the last quarter. Wolverine Asset Management LLC grew its position in shares of Denali Capital Acquisition by 4.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 404,208 shares of the company’s stock worth $4,329,000 after buying an additional 16,224 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Denali Capital Acquisition in the 2nd quarter worth approximately $107,000.
Denali Capital Acquisition Stock Down 4.5 %
Shares of Denali Capital Acquisition stock traded down $0.21 on Tuesday, reaching $4.47. The stock had a trading volume of 3,064 shares, compared to its average volume of 21,099. The company has a 50 day moving average price of $8.74 and a 200 day moving average price of $10.14. Denali Capital Acquisition Corp. has a 1 year low of $4.23 and a 1 year high of $14.10.
About Denali Capital Acquisition
Denali Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. It intends to complete a business combination with companies primarily operating in the technology, consumer, and hospitality sectors.
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