Distoken Acquisition Co. (NASDAQ:DIST) Short Interest Update

Distoken Acquisition Co. (NASDAQ:DIST) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,800 shares, an increase of 157.1% from the January 31st total of 700 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.2% of the shares of the company are short sold.

Distoken Acquisition Price Performance

Shares of NASDAQ:DIST remained flat at $11.11 on Friday. Distoken Acquisition has a 12-month low of $10.62 and a 12-month high of $11.69. The stock has a 50-day moving average price of $11.26 and a two-hundred day moving average price of $11.07.

Institutional Trading of Distoken Acquisition

An institutional investor recently raised its position in Distoken Acquisition stock. Mizuho Securities USA LLC lifted its stake in shares of Distoken Acquisition Co. (NASDAQ:DIST) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,155 shares of the company’s stock after purchasing an additional 2,600 shares during the quarter. Mizuho Securities USA LLC owned about 4.12% of Distoken Acquisition worth $2,864,000 at the end of the most recent quarter. Institutional investors own 63.68% of the company’s stock.

Distoken Acquisition Company Profile

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.