DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) Short Interest Down 32.4% in August

Key Points

• Short interest fell 32.4% in August to 552 shares from 816 shares, representing approximately 0.0% of DT Cloud Star Acquisition’s outstanding stock and 1.2 days of average trading volume.
• Weiss Ratings upgraded the company from “sell (d+)” to “hold (c-),” while the sole covering analyst maintains a Hold rating and the consensus rating remains “Hold.”
• DTSQ recently traded at $11.27, within its $10.45–$12.90 one-year range, and reported quarterly earnings of $0.06 per share. Several institutional investors also established or increased positions in the company.

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

Analysts Set New Price Targets

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 MarketBeat, DT Cloud Star Acquisition currently has a consensus rating of "Hold".

DT Cloud Star Acquisition Price Performance

DTSQ traded down $0.08 during trading on Tuesday, reaching $11.27. The stock had a trading volume of 207 shares, compared to its average volume of 3,594. The stock's 50 day moving average is $11.33 and its two-hundred day moving average is $11.20. DT Cloud Star Acquisition has a one year low of $10.45 and a one year high of $12.90.

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

Institutional Investors Weigh In On DT Cloud Star Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Crossingbridge Advisors LLC increased its stake 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 purchasing an additional 25,000 shares in the last quarter. Quarry LP bought a new stake in shares of DT Cloud Star Acquisition in the 4th quarter worth approximately $748,000. Meteora Capital LLC bought a new stake in shares of DT Cloud Star Acquisition in the 4th quarter worth approximately $1,032,000. Clear Street Group Inc. grew its stake 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. Finally, Wolverine Asset Management LLC bought a new position in DT Cloud Star Acquisition during the 4th quarter valued at approximately $1,511,000.

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.

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