Short Interest in DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) Drops By 57.6%

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 816 shares, a drop of 57.6% from the July 15th total of 1,925 shares. Based on an average daily volume of 4,893 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Crossingbridge Advisors LLC raised its holdings in DT Cloud Star Acquisition by 100.0% in 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. Quarry LP acquired a new position in DT Cloud Star Acquisition in the 4th quarter valued at approximately $748,000. Meteora Capital LLC acquired a new position in DT Cloud Star Acquisition in the 4th quarter valued at approximately $1,032,000. Clear Street Group Inc. raised its stake 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 acquiring an additional 33,235 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of DT Cloud Star Acquisition during the fourth quarter valued at $1,511,000.

DT Cloud Star Acquisition Stock Up 0.6%

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

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

Analyst Ratings Changes

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