Digital Asset Acquisition Corp. (NASDAQ:DAAQW) Stock Short Interest Report for October

Digital Asset Acquisition Corp. (NASDAQ:DAAQW) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 6,259 shares, a drop of 47.4% from the September 30th total of 11,897 shares. Based on an average trading volume of 48,108 shares, the days-to-cover ratio is presently 0.1 days.

Digital Asset Acquisition Trading Up 5.8%

Shares of Digital Asset Acquisition stock traded up $0.01 on Monday, hitting $0.16. The company had a trading volume of 1,293 shares, compared to its average volume of 19,223. Digital Asset Acquisition has a 52 week low of $0.08 and a 52 week high of $0.80. The business has a 50-day simple moving average of $0.16 and a 200-day simple moving average of $0.33.

Digital Asset Acquisition Company Profile

Digital Asset Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more businesses. The company was established to identify a target in the digital-asset, financial-technology, blockchain, or related sectors, although its public filings indicate that it did not operate a conventional business or offer products and services of its own.

As a blank-check company, Digital Asset Acquisition Corp.’s activities primarily involved raising capital through a public offering, placing those funds in a trust account, and evaluating potential merger or acquisition opportunities.