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

DT Cloud Acquisition Co. (NASDAQ:DYCQ) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 9,100 shares, a decline of 31.1% from the August 31st total of 13,200 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 31,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Shaolin Capital Management LLC bought a new position in DT Cloud Acquisition during the second quarter valued at approximately $5,156,000. Cowen AND Company LLC purchased a new stake in shares of DT Cloud Acquisition during the 2nd quarter worth approximately $1,865,000. Wolverine Asset Management LLC purchased a new stake in shares of DT Cloud Acquisition during the 2nd quarter worth approximately $1,785,000. Glazer Capital LLC bought a new position in shares of DT Cloud Acquisition during the 2nd quarter valued at approximately $1,278,000. Finally, Whitebox Advisors LLC purchased a new position in shares of DT Cloud Acquisition in the second quarter valued at $1,095,000.

DT Cloud Acquisition Stock Performance

Shares of NASDAQ DYCQ remained flat at $10.30 during mid-day trading on Friday. The stock had a trading volume of 166,405 shares, compared to its average volume of 73,214. The stock has a 50 day simple moving average of $10.26. DT Cloud Acquisition has a 1 year low of $10.07 and a 1 year high of $10.30.

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.