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

Distoken Acquisition Co. (NASDAQ:DIST) was the target of a significant increase in short interest in 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. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Distoken Acquisition stock. Mizuho Securities USA LLC increased its position in shares of Distoken Acquisition Co. (NASDAQ:DIST) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,155 shares of the company’s stock after acquiring an additional 2,600 shares during the period. Mizuho Securities USA LLC owned approximately 4.12% of Distoken Acquisition worth $2,864,000 at the end of the most recent quarter. 63.68% of the stock is owned by institutional investors and hedge funds.

Distoken Acquisition Price Performance

NASDAQ:DIST remained flat at $11.11 during mid-day trading on Friday. The company has a 50 day simple moving average of $11.25 and a 200-day simple moving average of $11.07. Distoken Acquisition has a 1 year low of $10.62 and a 1 year high of $11.69.

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.