Denali Capital Acquisition Corp. (NASDAQ:DECA) Short Interest Up 81.3% in October

Denali Capital Acquisition Corp. (NASDAQ:DECA) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 5,800 shares, an increase of 81.3% from the October 15th total of 3,200 shares. Based on an average trading volume of 1,300 shares, the short-interest ratio is currently 4.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Denali Capital Acquisition stock. Clear Street LLC purchased a new stake in Denali Capital Acquisition Corp. (NASDAQ:DECA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,264 shares of the company’s stock, valued at approximately $182,000.

Denali Capital Acquisition Stock Up 0.1 %

DECA traded up $0.01 during mid-day trading on Thursday, reaching $11.65. The stock had a trading volume of 3,304 shares, compared to its average volume of 28,000. The firm’s fifty day simple moving average is $11.53 and its two-hundred day simple moving average is $10.19. Denali Capital Acquisition has a 52 week low of $4.05 and a 52 week 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.