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

Compass Digital Acquisition Corp. (NASDAQ:CDAQW) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 84,400 shares, an increase of 17.2% from the July 15th total of 72,000 shares. Based on an average daily trading volume, of 21,500 shares, the short-interest ratio is currently 3.9 days.

Compass Digital Acquisition Price Performance

Shares of CDAQW remained flat at $0.06 during midday trading on Friday. The company’s 50-day moving average is $0.06 and its 200 day moving average is $0.07. Compass Digital Acquisition has a 12-month low of $0.03 and a 12-month high of $0.43.

Compass Digital Acquisition Company Profile

Compass Digital Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the technology sectors, including the technology led digital transformation software and services sector.