DUET Acquisition Corp. (NASDAQ:DUET – Get Rating) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 100 shares, a decrease of 92.3% from the January 31st total of 1,300 shares. Based on an average daily trading volume, of 33,800 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On DUET Acquisition

A number of hedge funds have recently modified their holdings of DUET. Meteora Capital LLC purchased a new position in shares of DUET Acquisition during the 4th quarter valued at $105,000. State Street Corp bought a new position in shares of DUET Acquisition in the third quarter worth about $126,000. Ergoteles LLC bought a new stake in DUET Acquisition during the 3rd quarter valued at approximately $225,000. Centiva Capital LP bought a new position in DUET Acquisition in the 2nd quarter worth approximately $252,000. Finally, Saba Capital Management L.P. bought a new stake in DUET Acquisition in the first quarter worth $989,000. 97.71% of the stock is currently owned by institutional investors.

DUET Acquisition Price Performance

Shares of DUET stock remained flat at $10.31 during trading hours on Wednesday. The firm has a 50-day moving average price of $10.18 and a 200 day moving average price of $10.05. DUET Acquisition has a 1 year low of $9.78 and a 1 year high of $10.65.

DUET Acquisition Company Profile

(Get Rating)

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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