Denali Capital Acquisition Corp. (NASDAQ:DECAU) Short Interest Up 56.3% in April

Denali Capital Acquisition Corp. (NASDAQ:DECAU) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 2,500 shares, an increase of 56.3% from the March 31st total of 1,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 25.0 days. Currently, 0.0% of the company’s stock are short sold.

Denali Capital Acquisition Stock Up 16.3 %

Shares of NASDAQ DECAU traded up $1.33 during midday trading on Friday, reaching $9.50. 502 shares of the company’s stock were exchanged, compared to its average volume of 1,050. Denali Capital Acquisition has a 52-week low of $4.88 and a 52-week high of $12.23. The business’s fifty day moving average price is $7.43 and its two-hundred day moving average price is $8.62.

About Denali Capital Acquisition

Denali Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. It intends to complete a business combination with companies primarily operating in the technology, consumer, and hospitality sectors.