DT Cloud Star Acquisition (NASDAQ:DTSQ) Shares Down 0.3% – Here’s Why

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ)’s stock price was down 0.3% during mid-day trading on Friday . The stock traded as low as $10.85 and last traded at $10.8650. Approximately 770 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 3,878 shares. The stock had previously closed at $10.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of DT Cloud Star Acquisition in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

DT Cloud Star Acquisition Trading Down 0.3%

The stock’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $10.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealthspring Capital LLC lifted its stake in shares of DT Cloud Star Acquisition by 1,284.4% during the second quarter. Wealthspring Capital LLC now owns 247,800 shares of the company’s stock valued at $2,572,000 after acquiring an additional 229,900 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in DT Cloud Star Acquisition by 100.0% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 232,000 shares of the company’s stock worth $2,408,000 after purchasing an additional 116,000 shares in the last quarter. Gabelli Funds LLC raised its position in DT Cloud Star Acquisition by 100.0% in the 2nd 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 last quarter. Berkley W R Corp boosted its holdings in DT Cloud Star Acquisition by 69.5% during the third quarter. Berkley W R Corp now owns 673,926 shares of the company’s stock worth $7,049,000 after purchasing an additional 276,278 shares during the last quarter. Finally, Clear Street Group Inc. bought a new position in shares of DT Cloud Star Acquisition in the 3rd quarter valued at about $792,000.

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.