Short Interest in Big Tree Cloud Holdings Limited (NASDAQ:DSY) Declines By 39.2%

Key Points

• Short interest in Big Tree Cloud Holdings Limited (NASDAQ:DSY) decreased by 39.2% in September, totaling 218,000 shares as of September 30th.
• Recently, Virtu Financial LLC acquired 34,697 shares of Big Tree Cloud, adding to the 60.21% of the company's stock held by institutional investors.
• The stock price of Big Tree Cloud fell by 3.7%, closing at $0.65, with a consensus rating of “Sell” from analysts.

Big Tree Cloud Holdings Limited (NASDAQ:DSY - Get Free Report) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 218,000 shares, a decrease of 39.2% from the September 15th total of 358,600 shares. Currently, 2.4% of the company's shares are sold short. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.4% of the company's shares are sold short.

Institutional Trading of Big Tree Cloud

A hedge fund recently bought a new stake in Big Tree Cloud stock. Virtu Financial LLC bought a new position in Big Tree Cloud Holdings Limited (NASDAQ:DSY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 34,697 shares of the company's stock, valued at approximately $36,000. Virtu Financial LLC owned 0.69% of Big Tree Cloud as of its most recent SEC filing. Hedge funds and other institutional investors own 60.21% of the company's stock.

Big Tree Cloud Stock Down 3.7%

DSY traded down $0.03 during trading hours on Wednesday, hitting $0.65. The company's stock had a trading volume of 66,638 shares, compared to its average volume of 480,804. Big Tree Cloud has a fifty-two week low of $0.64 and a fifty-two week high of $7.33. The company has a 50-day simple moving average of $1.13 and a 200 day simple moving average of $1.28.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Big Tree Cloud in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".

About Big Tree Cloud

Big Tree Cloud Holdings Limited manufactures and sells personal care products and other consumer goods. The company is based in Shenzhen, China. Big Tree Cloud Holdings Limited operates as a subsidiary of Ploutos Group Limited.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.