DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) Sees Large Decrease in Short Interest

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 816 shares, a decline of 57.6% from the July 15th total of 1,925 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 4,893 shares, the days-to-cover ratio is presently 0.2 days.

DT Cloud Star Acquisition Stock Performance

Shares of DTSQ stock traded up $0.07 during mid-day trading on Friday, reaching $11.33. 343 shares of the company’s stock traded hands, compared to its average volume of 2,795. DT Cloud Star Acquisition has a 12 month low of $10.43 and a 12 month high of $12.90. The company’s 50-day moving average price is $11.31 and its 200-day moving average price is $11.16.

DT Cloud Star Acquisition (NASDAQ:DTSQ) last announced its earnings results on Monday, August 3rd. The company reported $0.06 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of DT Cloud Star Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On DT Cloud Star Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the company. Crossingbridge Advisors LLC boosted its stake in DT Cloud Star Acquisition by 100.0% during the 4th quarter. Crossingbridge Advisors LLC now owns 50,000 shares of the company’s stock valued at $538,000 after purchasing an additional 25,000 shares during the last quarter. Quarry LP purchased a new position in shares of DT Cloud Star Acquisition in the fourth quarter worth $748,000. Meteora Capital LLC bought a new position in shares of DT Cloud Star Acquisition during the fourth quarter valued at $1,032,000. Clear Street Group Inc. lifted its holdings in shares of DT Cloud Star Acquisition by 44.0% during the fourth quarter. Clear Street Group Inc. now owns 108,780 shares of the company’s stock valued at $1,170,000 after purchasing an additional 33,235 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of DT Cloud Star Acquisition during the fourth quarter valued at $1,511,000.

About DT Cloud Star Acquisition

DT Cloud Star Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Brooklyn, New York.