Short Interest in Compass Digital Acquisition Corp. (NASDAQ:CDAQ) Decreases By 77.3%

Compass Digital Acquisition Corp. (NASDAQ:CDAQ) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 500 shares, a decrease of 77.3% from the May 31st total of 2,200 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 22,000 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Compass Digital Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC raised its stake in shares of Compass Digital Acquisition by 44.7% during the 1st quarter. Virtu Financial LLC now owns 46,245 shares of the company’s stock worth $495,000 after buying an additional 14,283 shares during the period. Robinson Capital Management LLC acquired a new stake in shares of Compass Digital Acquisition in the fourth quarter valued at about $183,000. Tidal Investments LLC acquired a new position in shares of Compass Digital Acquisition during the 1st quarter worth about $249,000. Mizuho Securities USA LLC boosted its holdings in Compass Digital Acquisition by 10.8% in the 1st quarter. Mizuho Securities USA LLC now owns 256,206 shares of the company’s stock worth $2,716,000 after buying an additional 25,000 shares during the last quarter. Finally, Berkley W R Corp increased its stake in Compass Digital Acquisition by 821.0% during the 1st quarter. Berkley W R Corp now owns 498,632 shares of the company’s stock worth $5,335,000 after buying an additional 444,489 shares in the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

Compass Digital Acquisition Trading Down 0.3 %

Compass Digital Acquisition stock traded down $0.03 during midday trading on Thursday, reaching $10.87. The company’s stock had a trading volume of 20,006 shares, compared to its average volume of 32,775. Compass Digital Acquisition has a 52-week low of $10.35 and a 52-week high of $12.00. The stock’s 50-day simple moving average is $10.82 and its 200-day simple moving average is $10.71.

About Compass Digital Acquisition

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