Big Tree Cloud Holdings Limited (NASDAQ:DSY) Short Interest Down 85.4% in June

Big Tree Cloud Holdings Limited (NASDAQ:DSY) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 38,400 shares, a decrease of 85.4% from the June 15th total of 263,509 shares. Based on an average daily trading volume, of 99,513 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Trading of Big Tree Cloud

A hedge fund recently bought a new position in Big Tree Cloud stock. Sabby Management LLC purchased a new position in shares of Big Tree Cloud Holdings Limited (NASDAQ:DSY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,720,762 shares of the company’s stock, valued at approximately $8,030,000. Big Tree Cloud makes up about 9.2% of Sabby Management LLC’s investment portfolio, making the stock its largest holding. Sabby Management LLC owned approximately 8.12% of Big Tree Cloud as of its most recent SEC filing. 60.21% of the stock is owned by hedge funds and other institutional investors.

Big Tree Cloud Trading Down 9.2%

DSY stock traded down $0.40 during mid-day trading on Friday, hitting $3.94. 38,925 shares of the company were exchanged, compared to its average volume of 2,931,364. Big Tree Cloud has a 12-month low of $1.67 and a 12-month high of $146.60. The business has a fifty day simple moving average of $2.92 and a 200-day simple moving average of $3.62.

Big Tree Cloud (NASDAQ:DSY) last released its quarterly earnings results on Saturday, April 4th. The company reported ($0.22) earnings per share (EPS) for the quarter. The firm had revenue of $0.25 million for the quarter.

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.