DUET Acquisition Corp. (NASDAQ:DUET – Get Rating) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 100 shares, a decrease of 92.9% from the July 15th total of 1,400 shares. Based on an average daily volume of 8,700 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On DUET Acquisition

A number of institutional investors have recently added to or reduced their stakes in DUET. Saba Capital Management L.P. acquired a new stake in DUET Acquisition in the first quarter worth approximately $989,000. Wolverine Asset Management LLC bought a new position in shares of DUET Acquisition in the second quarter valued at $1,375,000. Karpus Management Inc. bought a new position in shares of DUET Acquisition in the first quarter valued at $1,484,000. MMCAP International Inc. SPC bought a new position in shares of DUET Acquisition in the first quarter valued at $1,681,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of DUET Acquisition in the first quarter valued at $1,978,000.

DUET Acquisition Stock Performance

DUET remained flat at $9.95 during trading on Wednesday. DUET Acquisition has a 12 month low of $9.78 and a 12 month high of $10.45. The business has a fifty day moving average price of $9.91.

DUET Acquisition Company Profile

DUET Acquisition Corp. does not have significant operation. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.

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