Denali Capital Acquisition Corp. (NASDAQ:DECA) Short Interest Up 70.0% in February

Denali Capital Acquisition Corp. (NASDAQ:DECAGet Free Report) saw a large increase in short interest in the month of February. As of February 29th, there was short interest totalling 3,400 shares, an increase of 70.0% from the February 14th total of 2,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 24,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Meteora Capital LLC acquired a new position in Denali Capital Acquisition in the 3rd quarter valued at about $1,244,000. Kim LLC acquired a new position in shares of Denali Capital Acquisition during the 2nd quarter worth approximately $1,711,000. Cowen AND Company LLC grew its position in shares of Denali Capital Acquisition by 47.7% during the 3rd quarter. Cowen AND Company LLC now owns 27,793 shares of the company’s stock worth $304,000 after purchasing an additional 8,979 shares in the last quarter. K2 Principal Fund L.P. acquired a new position in shares of Denali Capital Acquisition during the 3rd quarter worth approximately $1,649,000. Finally, Westchester Capital Management LLC acquired a new position in shares of Denali Capital Acquisition during the 3rd quarter worth approximately $3,801,000.

Denali Capital Acquisition Stock Up 9.1 %

DECA traded up $0.55 on Friday, reaching $6.60. The company had a trading volume of 60,743 shares, compared to its average volume of 22,339. Denali Capital Acquisition has a fifty-two week low of $4.05 and a fifty-two week high of $14.10. The company’s fifty day moving average is $5.52 and its 200 day moving average is $9.05.

Denali Capital Acquisition Company Profile

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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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