DD3 Acquisition Corp. (NASDAQ:DDMX) Sees Significant Growth in Short Interest

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DD3 Acquisition Corp. (NASDAQ:DDMX) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 6,800 shares, an increase of 871.4% from the August 30th total of 700 shares. Based on an average trading volume of 15,900 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

A number of institutional investors have recently modified their holdings of DDMX. Periscope Capital Inc. lifted its position in shares of DD3 Acquisition by 1,381.5% during the second quarter. Periscope Capital Inc. now owns 296,300 shares of the company’s stock valued at $2,960,000 after buying an additional 276,300 shares during the last quarter. Mizuho Securities USA LLC purchased a new stake in shares of DD3 Acquisition during the second quarter valued at about $895,000. Bank of America Corp DE purchased a new stake in shares of DD3 Acquisition during the second quarter valued at about $3,476,000. Finally, Royal Bank of Canada purchased a new stake in shares of DD3 Acquisition during the second quarter valued at about $40,000.

Shares of DD3 Acquisition stock opened at $10.15 on Friday. DD3 Acquisition has a 1 year low of $9.70 and a 1 year high of $10.15. The business’s 50-day simple moving average is $10.11.

DD3 Acquisition Company Profile

DD3 Acquisition Corp. focuses on entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with target businesses or entities. The company was founded in 2018 and is based in Mexico City, Mexico.

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