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

DT Cloud Star Acquisition Corp (NASDAQ:DTSQU) was the target of a large increase in short interest in 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 daily trading volume, of 1,090 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds 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. acquired a new stake in DT Cloud Star Acquisition Corp (NASDAQ:DTSQU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,182 shares of the company’s stock, valued at approximately $172,000.

DT Cloud Star Acquisition Stock Performance

Shares of DTSQU stock traded down $0.80 on Friday, hitting $11.20. The company had a trading volume of 447 shares, compared to its average volume of 3,964. The company has a 50-day moving average price of $11.50 and a 200-day moving average price of $11.11. DT Cloud Star Acquisition has a twelve month low of $11.39 and a twelve month high of $17.30.

About DT Cloud Star Acquisition

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.