DT Cloud Acquisition Co. (NASDAQ:DYCQ) Sees Large Drop in Short Interest

DT Cloud Acquisition Co. (NASDAQ:DYCQ) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 600 shares, a decrease of 25.0% from the February 28th total of 800 shares. Based on an average daily volume of 61,900 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On DT Cloud Acquisition

Hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC boosted its stake in shares of DT Cloud Acquisition by 0.6% during the fourth quarter. Wolverine Asset Management LLC now owns 233,441 shares of the company’s stock valued at $2,437,000 after purchasing an additional 1,333 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in DT Cloud Acquisition by 2.1% in the 4th quarter. Mizuho Securities USA LLC now owns 729,700 shares of the company’s stock valued at $7,567,000 after buying an additional 14,700 shares during the last quarter. Berkley W R Corp boosted its position in DT Cloud Acquisition by 15.4% during the 4th quarter. Berkley W R Corp now owns 372,910 shares of the company’s stock worth $3,893,000 after buying an additional 49,700 shares during the period. K2 Principal Fund L.P. bought a new stake in DT Cloud Acquisition during the 3rd quarter worth approximately $629,000. Finally, Quarry LP raised its stake in shares of DT Cloud Acquisition by 78.4% during the third quarter. Quarry LP now owns 170,625 shares of the company’s stock valued at $1,759,000 after acquiring an additional 75,000 shares during the last quarter.

DT Cloud Acquisition Stock Performance

DT Cloud Acquisition stock traded down $0.02 during mid-day trading on Monday, reaching $10.71. The company had a trading volume of 113 shares, compared to its average volume of 69,173. The business has a fifty day simple moving average of $10.59 and a 200 day simple moving average of $10.46. DT Cloud Acquisition has a fifty-two week low of $10.07 and a fifty-two week high of $11.63.

DT Cloud Acquisition Company Profile

DT Cloud Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more target businesses. The company was incorporated in 2022 and is based in London, the United Kingdom.