Distoken Acquisition Co. (NASDAQ:DIST) Short Interest Up 500.0% in November

Distoken Acquisition Co. (NASDAQ:DIST) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 600 shares, an increase of 500.0% from the October 31st total of 100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,900 shares, the days-to-cover ratio is currently 0.0 days.

Distoken Acquisition Stock Performance

Shares of DIST opened at $11.37 on Thursday. Distoken Acquisition has a fifty-two week low of $10.58 and a fifty-two week high of $12.35. The firm has a 50 day moving average price of $10.97 and a 200-day moving average price of $10.85.

Institutional Trading of Distoken Acquisition

Several hedge funds have recently added to or reduced their stakes in DIST. Berkley W R Corp boosted its position in Distoken Acquisition by 0.6% during the second quarter. Berkley W R Corp now owns 249,515 shares of the company’s stock valued at $2,682,000 after buying an additional 1,488 shares during the period. Mizuho Securities USA LLC boosted its position in Distoken Acquisition by 1.0% during the third quarter. Mizuho Securities USA LLC now owns 265,155 shares of the company’s stock valued at $2,864,000 after buying an additional 2,600 shares during the period. Cowen AND Company LLC boosted its position in Distoken Acquisition by 65.1% during the second quarter. Cowen AND Company LLC now owns 40,000 shares of the company’s stock valued at $431,000 after buying an additional 15,768 shares during the period. Clear Street LLC boosted its position in Distoken Acquisition by 9,908.7% during the second quarter. Clear Street LLC now owns 112,898 shares of the company’s stock valued at $1,217,000 after buying an additional 111,770 shares during the period. Finally, K2 Principal Fund L.P. purchased a new stake in Distoken Acquisition during the second quarter valued at about $1,227,000. 63.68% of the stock is owned by institutional investors.

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.