DT Cloud Star Acquisition Corp (NASDAQ:DTSQU) Sees Large Growth in Short Interest

DT Cloud Star Acquisition Corp (NASDAQ:DTSQU) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 73 shares, a growth of 135.5% from the June 15th total of 31 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is presently 0.1 days.

DT Cloud Star Acquisition Price Performance

Shares of NASDAQ DTSQU remained flat at $11.31 during midday trading on Tuesday. DT Cloud Star Acquisition has a 1 year low of $11.19 and a 1 year high of $17.30. The business has a 50-day simple moving average of $11.53 and a two-hundred day simple moving average of $11.19.

Hedge Funds Weigh In On DT Cloud Star Acquisition

A hedge fund recently raised its position in DT Cloud Star Acquisition stock. Clear Street Group Inc. grew its stake in shares of DT Cloud Star Acquisition Corp (NASDAQ:DTSQU) by 55.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,156 shares of the company’s stock after purchasing an additional 8,974 shares during the quarter. Clear Street Group Inc.’s holdings in DT Cloud Star Acquisition were worth $275,000 as of its most recent SEC filing.

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.