DT Cloud Star Acquisition (NASDAQ:DTSQ) Receives Sell (D) Rating from Weiss Ratings

Key Points

• DT Cloud Star Acquisition's stock was given a "sell (D)" rating by Weiss Ratings, indicating potential concerns from analysts regarding the stock's performance.
• The company's stock price increased by 0.2% to $10.50, with recent trading volumes lower than average, suggesting a lack of significant investor activity.
• Several institutional investors have significantly increased their stakes in DT Cloud Star Acquisition, indicating a growing interest despite the low rating from Weiss Ratings.

DT Cloud Star Acquisition (NASDAQ:DTSQ - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

DT Cloud Star Acquisition Stock Up 0.2%

NASDAQ DTSQ traded up $0.03 during trading on Tuesday, reaching $10.50. 4,801 shares of the company traded hands, compared to its average volume of 18,656. The stock's 50 day moving average price is $10.49 and its two-hundred day moving average price is $10.41. DT Cloud Star Acquisition has a 1-year low of $10.00 and a 1-year high of $10.63.

Institutional Investors Weigh In On DT Cloud Star Acquisition

Institutional investors have recently added to or reduced their stakes in the stock. Wealthspring Capital LLC boosted its holdings in shares of DT Cloud Star Acquisition by 1,284.4% in the 2nd quarter. Wealthspring Capital LLC now owns 247,800 shares of the company's stock worth $2,572,000 after acquiring an additional 229,900 shares in the last quarter. Westchester Capital Management LLC boosted its holdings in shares of DT Cloud Star Acquisition by 182.0% in the 1st quarter. Westchester Capital Management LLC now owns 352,500 shares of the company's stock worth $3,613,000 after acquiring an additional 227,500 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of DT Cloud Star Acquisition by 100.0% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 232,000 shares of the company's stock worth $2,408,000 after acquiring an additional 116,000 shares in the last quarter. Quarry LP boosted its holdings in shares of DT Cloud Star Acquisition by 100.0% in the 1st quarter. Quarry LP now owns 200,000 shares of the company's stock worth $2,052,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in shares of DT Cloud Star Acquisition by 13.6% in the 1st quarter. Mizuho Securities USA LLC now owns 786,920 shares of the company's stock worth $7,987,000 after acquiring an additional 94,420 shares in the last quarter.

About DT Cloud Star Acquisition

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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