Short Interest in Distoken Acquisition Co. (NASDAQ:DIST) Increases By 157.1%

Distoken Acquisition Co. (NASDAQ:DIST) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,800 shares, an increase of 157.1% from the January 31st total of 700 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 2.6 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Distoken Acquisition

A hedge fund recently raised its stake in Distoken Acquisition stock. Mizuho Securities USA LLC increased its position in Distoken Acquisition Co. (NASDAQ:DIST) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 265,155 shares of the company’s stock after acquiring an additional 2,600 shares during the quarter. Mizuho Securities USA LLC owned about 4.12% of Distoken Acquisition worth $2,864,000 as of its most recent SEC filing. Institutional investors and hedge funds own 63.68% of the company’s stock.

Distoken Acquisition Price Performance

Shares of Distoken Acquisition stock opened at $11.11 on Friday. Distoken Acquisition has a 1 year low of $10.62 and a 1 year high of $11.69. The stock has a fifty day moving average price of $11.25 and a 200-day moving average price of $11.08.

About Distoken Acquisition

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.