Denali Capital Acquisition Corp. (NASDAQ:DECA) Short Interest Update

Denali Capital Acquisition Corp. (NASDAQ:DECA) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 2,400 shares, an increase of 71.4% from the September 15th total of 1,400 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 3,100 shares, the short-interest ratio is presently 0.8 days.

Denali Capital Acquisition Trading Down 0.5 %

Shares of DECA stock traded down $0.06 on Monday, reaching $11.51. The company’s stock had a trading volume of 1,000 shares, compared to its average volume of 29,507. Denali Capital Acquisition has a 1 year low of $4.05 and a 1 year high of $14.10. The stock’s fifty day simple moving average is $11.49 and its 200-day simple moving average is $9.68.

Hedge Funds Weigh In On Denali Capital Acquisition

An institutional investor recently bought a new position in Denali Capital Acquisition stock. Quarry LP purchased a new position in shares of Denali Capital Acquisition Corp. (NASDAQ:DECA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 115,000 shares of the company’s stock, valued at approximately $1,273,000.

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.