Distoken Acquisition Co. (NASDAQ:DIST) Sees Large Decrease in Short Interest

Distoken Acquisition Co. (NASDAQ:DIST) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 100 shares, a decrease of 50.0% from the October 15th total of 200 shares. Based on an average trading volume of 16,400 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Distoken Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cowen AND Company LLC boosted its stake in Distoken Acquisition by 65.1% during the 2nd 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 in the last quarter. Clear Street LLC lifted its holdings in Distoken Acquisition by 9,908.7% in the 2nd quarter. Clear Street LLC now owns 112,898 shares of the company’s stock valued at $1,217,000 after acquiring an additional 111,770 shares during the last quarter. K2 Principal Fund L.P. acquired a new position in shares of Distoken Acquisition in the 2nd quarter worth approximately $1,227,000. Periscope Capital Inc. raised its holdings in shares of Distoken Acquisition by 3.2% in the 1st quarter. Periscope Capital Inc. now owns 154,734 shares of the company’s stock worth $1,665,000 after purchasing an additional 4,734 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in Distoken Acquisition by 29.4% during the first quarter. Mizuho Securities USA LLC now owns 187,330 shares of the company’s stock valued at $1,986,000 after purchasing an additional 42,561 shares during the last quarter. Institutional investors and hedge funds own 63.68% of the company’s stock.

Distoken Acquisition Price Performance

DIST stock traded down $0.14 during mid-day trading on Thursday, hitting $11.02. 2,679 shares of the company were exchanged, compared to its average volume of 26,526. The firm has a fifty day simple moving average of $10.91 and a 200 day simple moving average of $10.82. Distoken Acquisition has a twelve month low of $10.56 and a twelve month high of $12.35.

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.