Short Interest in Distoken Acquisition Co. (NASDAQ:DIST) Rises By 500.0%

Distoken Acquisition Co. (NASDAQ:DIST) was the recipient 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. Based on an average daily trading volume, of 13,900 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Distoken Acquisition Stock Performance

DIST traded up $0.17 during trading on Friday, reaching $11.37. The company had a trading volume of 780 shares, compared to its average volume of 17,627. Distoken Acquisition has a 12 month low of $10.58 and a 12 month high of $12.35. The business’s fifty day moving average price is $10.98 and its 200 day moving average price is $10.85.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Mizuho Securities USA LLC lifted its stake in Distoken Acquisition by 1.0% in 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 in the last quarter. Berkley W R Corp raised its holdings in shares of Distoken Acquisition by 0.6% in the second quarter. Berkley W R Corp now owns 249,515 shares of the company’s stock valued at $2,682,000 after purchasing an additional 1,488 shares during the last quarter. K2 Principal Fund L.P. acquired a new stake in shares of Distoken Acquisition in the second quarter valued at approximately $1,227,000. Clear Street LLC raised its holdings in shares of Distoken Acquisition by 9,908.7% in the second quarter. Clear Street LLC now owns 112,898 shares of the company’s stock valued at $1,217,000 after purchasing an additional 111,770 shares during the last quarter. Finally, Cowen AND Company LLC raised its holdings in shares of Distoken Acquisition by 65.1% in the second quarter. Cowen AND Company LLC now owns 40,000 shares of the company’s stock valued at $431,000 after purchasing an additional 15,768 shares during the last quarter. Institutional investors own 63.68% of the company’s stock.

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.