DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) Short Interest Down 39.6% in June

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,880 shares, a decline of 39.6% from the June 15th total of 3,115 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,667 shares, the days-to-cover ratio is presently 0.3 days.

DT Cloud Star Acquisition Stock Performance

NASDAQ DTSQ traded down $0.06 on Friday, hitting $11.34. 1,417 shares of the company’s stock traded hands, compared to its average volume of 3,498. DT Cloud Star Acquisition has a 1-year low of $10.38 and a 1-year high of $12.90. The firm’s 50-day moving average price is $11.27 and its two-hundred day moving average price is $11.09.

DT Cloud Star Acquisition (NASDAQ:DTSQ) last released its quarterly earnings data on Friday, May 8th. The company reported $0.02 EPS for the quarter.

Institutional Investors Weigh In On DT Cloud Star Acquisition

Hedge funds have recently added to or reduced their stakes in the business. Crossingbridge Advisors LLC raised its stake in shares of 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 buying an additional 25,000 shares during the last quarter. Clear Street Group Inc. boosted its stake in shares of DT Cloud Star Acquisition by 44.0% in the fourth quarter. Clear Street Group Inc. now owns 108,780 shares of the company’s stock worth $1,170,000 after buying an additional 33,235 shares during the last quarter. Quarry LP purchased a new stake in shares of DT Cloud Star Acquisition in the fourth quarter worth about $748,000. Gabelli Funds LLC grew its holdings in DT Cloud Star Acquisition by 100.0% during the second quarter. Gabelli Funds LLC now owns 168,000 shares of the company’s stock worth $1,744,000 after acquiring an additional 84,000 shares during the period. Finally, Meteora Capital LLC acquired a new stake in DT Cloud Star Acquisition during the fourth quarter worth about $1,032,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded DT Cloud Star Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

DT Cloud Star Acquisition Company Profile

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.