Short Interest in DT Cloud Star Acquisition Corp (NASDAQ:DTSQU) Rises By 182.8%

DT Cloud Star Acquisition Corp (NASDAQ:DTSQU) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 362 shares, an increase of 182.8% from the May 14th total of 128 shares. Based on an average trading volume of 1,090 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On DT Cloud Star Acquisition

A hedge fund recently bought a new stake in DT Cloud Star Acquisition stock. Clear Street Group Inc. purchased a new position in shares of DT Cloud Star Acquisition Corp (NASDAQ:DTSQU) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,182 shares of the company’s stock, valued at approximately $172,000.

DT Cloud Star Acquisition Price Performance

DTSQU stock traded down $0.80 during midday trading on Friday, hitting $11.20. 1,609 shares of the company’s stock were exchanged, compared to its average volume of 3,664. The business has a 50-day simple moving average of $11.50 and a two-hundred day simple moving average of $11.12. DT Cloud Star Acquisition has a 1-year low of $11.39 and a 1-year high of $17.30.

DT Cloud Star Acquisition Company Profile

We are a blank check company incorporated in the Cayman Islands on November 29, 2022 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.