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

DT Cloud Acquisition Co. (NASDAQ:DYCQ) was the recipient of a large 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. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 31,000 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On DT Cloud Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DYCQ. Warberg Asset Management LLC purchased a new stake in DT Cloud Acquisition during the second quarter worth approximately $263,000. Dakota Wealth Management acquired a new position in DT Cloud Acquisition in the 3rd quarter valued at $361,000. Clear Street LLC acquired a new stake in shares of DT Cloud Acquisition in the 2nd quarter valued at approximately $459,000. K2 Principal Fund L.P. acquired a new position in DT Cloud Acquisition during the third quarter worth about $629,000. Finally, Quarry LP purchased a new position in DT Cloud Acquisition in the 2nd quarter valued at approximately $975,000.

DT Cloud Acquisition Price Performance

Shares of DYCQ stock traded down $0.01 on Tuesday, hitting $10.38. The stock had a trading volume of 5,950 shares, compared to its average volume of 61,310. The company’s 50 day moving average price is $10.35 and its 200-day moving average price is $10.26. DT Cloud Acquisition has a 1 year low of $10.07 and a 1 year high of $10.43.

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.