DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) Short Interest Down 57.6% in July

Key Points

• Short interest fell 57.6% in July to 816 shares, representing 0.0% of outstanding shares; the days-to-cover ratio was 0.2.
• Weiss Ratings upgraded DTSQ from “sell (d+)” to “hold (c-),” leaving the stock with an average analyst rating of “Hold.”
• Several institutional investors increased or initiated positions, while DTSQ recently traded at $11.33 and reported quarterly EPS of $0.06.

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ - Get Free Report) saw a large 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. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 4,893 shares, the days-to-cover ratio is presently 0.2 days.

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 report on Monday, July 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".

Hedge Funds Weigh In On DT Cloud Star Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new position in DT Cloud Star Acquisition during the 4th quarter valued at about $1,511,000. Clear Street Group Inc. grew its position in shares of 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 during the last quarter. Meteora Capital LLC purchased a new position in shares of DT Cloud Star Acquisition during the fourth quarter valued at approximately $1,032,000. Gabelli Funds LLC increased its stake in shares of DT Cloud Star Acquisition by 100.0% during the second quarter. Gabelli Funds LLC now owns 168,000 shares of the company's stock valued at $1,744,000 after buying an additional 84,000 shares during the period. Finally, Quarry LP bought a new position in shares of DT Cloud Star Acquisition during the fourth quarter valued at approximately $748,000.

DT Cloud Star Acquisition Stock Performance

DTSQ stock traded up $0.07 during midday trading on Friday, hitting $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 52 week low of $10.43 and a 52 week high of $12.90. The stock'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 - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source