Short Interest in DT Cloud Acquisition Co. (NASDAQ:DYCQ) Rises By 6.7%

DT Cloud Acquisition Co. (NASDAQ:DYCQ) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,500 shares, an increase of 6.7% from the October 15th total of 8,900 shares. Based on an average daily volume of 31,000 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Trading of DT Cloud Acquisition

Hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in DT Cloud Acquisition in the second quarter worth approximately $975,000. Wolverine Asset Management LLC acquired a new position in shares of DT Cloud Acquisition during the second quarter worth $1,785,000. Whitebox Advisors LLC purchased a new position in DT Cloud Acquisition in the second quarter valued at $1,095,000. Warberg Asset Management LLC acquired a new stake in DT Cloud Acquisition in the second quarter valued at $263,000. Finally, Clear Street LLC acquired a new position in shares of DT Cloud Acquisition during the 2nd quarter worth about $459,000.

DT Cloud Acquisition Stock Performance

Shares of NASDAQ DYCQ traded down $0.01 during mid-day trading on Tuesday, reaching $10.38. 5,950 shares of the company’s stock were exchanged, compared to its average volume of 61,310. DT Cloud Acquisition has a 52-week low of $10.07 and a 52-week high of $10.43. The company’s 50-day moving average is $10.35 and its 200-day moving average is $10.26.

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.