Distoken Acquisition Co. (NASDAQ:DIST) Sees Large Decrease in Short Interest

Distoken Acquisition Co. (NASDAQ:DIST) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 100 shares, a decrease of 50.0% from the October 15th total of 200 shares. Based on an average trading volume of 16,400 shares, the days-to-cover ratio is currently 0.0 days.

Distoken Acquisition Stock Performance

Shares of Distoken Acquisition stock traded down $0.14 during midday trading on Thursday, hitting $11.02. The company’s stock had a trading volume of 2,679 shares, compared to its average volume of 26,526. Distoken Acquisition has a 1-year low of $10.56 and a 1-year high of $12.35. The stock has a 50-day simple moving average of $10.91 and a 200-day simple moving average of $10.82.

Institutional Investors Weigh In On Distoken Acquisition

Institutional investors have recently bought and sold shares of the business. Clear Street LLC boosted its holdings in shares of Distoken Acquisition by 9,908.7% during the second quarter. Clear Street LLC now owns 112,898 shares of the company’s stock worth $1,217,000 after purchasing an additional 111,770 shares during the period. K2 Principal Fund L.P. acquired a new stake in shares of Distoken Acquisition during the 2nd quarter valued at $1,227,000. Karpus Management Inc. grew its holdings in shares of Distoken Acquisition by 40.2% during the 1st quarter. Karpus Management Inc. now owns 358,197 shares of the company’s stock valued at $3,854,000 after acquiring an additional 102,656 shares in the last quarter. Berkley W R Corp increased its stake in shares of Distoken Acquisition by 0.6% in the second quarter. Berkley W R Corp now owns 249,515 shares of the company’s stock worth $2,682,000 after acquiring an additional 1,488 shares during the last quarter. Finally, Cowen AND Company LLC raised its holdings in shares of Distoken Acquisition by 65.1% during the second quarter. Cowen AND Company LLC now owns 40,000 shares of the company’s stock worth $431,000 after acquiring an additional 15,768 shares in the last quarter. 63.68% of the stock is currently owned by institutional investors and hedge funds.

About Distoken Acquisition

Distoken Acquisition Corporation does not have significant operations. The company focus on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire businesses in the technology industry in Asia.