DT Cloud Acquisition Corporation (NASDAQ:DYCQ) Short Interest Up 110.0% in July

Key Points

• Short interest in DT Cloud Acquisition Corporation (NASDAQ:DYCQ) rose by 110.0% in July, increasing from 1,000 to 2,100 shares.
• The company's stock traded up 0.1% to $10.88, with a 52-week low of $10.22 and a high of $11.63.
• Several institutional investors, including Tabor Asset Management LP and Wolverine Asset Management LLC, have recently increased their stakes in DT Cloud Acquisition.

DT Cloud Acquisition Corporation (NASDAQ:DYCQ - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,100 shares, agrowthof110.0% from the June 30th total of 1,000 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 2.1 days. Currently,0.0% of the company's shares are short sold. Currently,0.0% of the company's shares are short sold. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Investors Weigh In On DT Cloud Acquisition

A number of large investors have recently added to or reduced their stakes in the company. Westchester Capital Management LLC boosted its holdings in shares of DT Cloud Acquisition by 23.8% during the first quarter. Westchester Capital Management LLC now owns 469,000 shares of the company's stock worth $5,018,000 after purchasing an additional 90,064 shares during the period. Wolverine Asset Management LLC raised its position in DT Cloud Acquisition by 57.5% during the 1st quarter. Wolverine Asset Management LLC now owns 367,743 shares of the company's stock valued at $3,942,000 after purchasing an additional 134,302 shares during the last quarter. Tabor Asset Management LP bought a new position in DT Cloud Acquisition during the 1st quarter valued at approximately $2,951,000. Toronto Dominion Bank purchased a new stake in DT Cloud Acquisition in the 4th quarter worth approximately $2,654,000. Finally, Berkley W R Corp grew its position in shares of DT Cloud Acquisition by 15.4% in the 4th quarter. Berkley W R Corp now owns 372,910 shares of the company's stock worth $3,893,000 after buying an additional 49,700 shares during the last quarter.

DT Cloud Acquisition Stock Performance

Shares of NASDAQ:DYCQ traded up $0.17 during trading on Friday, reaching $11.03. 5,136 shares of the company traded hands, compared to its average volume of 57,443. DT Cloud Acquisition has a 52-week low of $10.23 and a 52-week high of $11.63. The business's fifty day moving average is $10.81 and its 200-day moving average is $10.71.

DT Cloud Acquisition Company Profile

DT Cloud Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more target businesses. The company was incorporated in 2022 and is based in London, the United Kingdom.