DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) Sees Significant Drop in Short Interest

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ – Get Free Report) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 552 shares, a decline of 32.4% from the July 30th total of 816 shares. Based on an average trading volume of 444 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

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DT Cloud Star Acquisition Stock Down 0.7%

DT Cloud Star Acquisition stock traded down $0.08 during trading hours on Tuesday, hitting $11.27. The stock had a trading volume of 207 shares, compared to its average volume of 3,594. DT Cloud Star Acquisition has a 12-month low of $10.45 and a 12-month high of $12.90. The stock’s 50-day moving average price is $11.33 and its 200-day moving average price is $11.20.

DT Cloud Star Acquisition (NASDAQ:DTSQ – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.06 EPS for the quarter.

Institutional Trading of DT Cloud Star Acquisition

Several institutional investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC increased its holdings in shares of DT Cloud Star Acquisition by 100.0% in the 2nd quarter. Gabelli Funds LLC now owns 168,000 shares of the company’s stock worth $1,744,000 after purchasing an additional 84,000 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of DT Cloud Star Acquisition during the fourth quarter valued at $1,511,000. Crossingbridge Advisors LLC boosted its position in shares of DT Cloud Star Acquisition by 100.0% during the fourth 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. Quarry LP bought a new stake in DT Cloud Star Acquisition in the 4th quarter worth about $748,000. Finally, Clear Street Group Inc. increased its holdings in DT Cloud Star Acquisition by 44.0% in the 4th 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 in the last quarter.

About DT Cloud Star Acquisition

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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.

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