Denali Capital Acquisition Corp. (NASDAQ:DECAW) Brief Interest Update

Denali Capital Acquisition Corp. (NASDAQ:DECAW – Get Free Report ) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 34,300 shares, up 11.7% from July 15th’s total of 30,700 shares. Based on an average daily volume of 16,600 shares, the days-to-cover ratio is currently 2.1 days.

Denali Capital Acquisition’s stock performance

Shares of DECAW stock opened at $0.04 on Friday. The company’s 50-day moving average price is $0.04 and its two-hundred-day moving average price is $0.05. Denali Capital Acquisition has a 12 month low of $0.01 and a 12 month high of $0.08.

About Denali Capital Acquisition

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Denali Capital Acquisition Corp. has no significant operations. The Company is focused on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or other business combination with one or more businesses or entities. It plans to complete a business combination with companies operating primarily in the technology, consumer and hospitality sectors.

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