Metal Sky Star Acquisition Co. (NASDAQ:MSSA) Sees Significant Drop in Short Interest

Metal Sky Star Acquisition Co. (NASDAQ:MSSA) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 2,400 shares, a decrease of 31.4% from the August 15th total of 3,500 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Metal Sky Star Acquisition

Hedge funds have recently made changes to their positions in the business. PenderFund Capital Management Ltd. acquired a new stake in Metal Sky Star Acquisition in the fourth quarter worth about $181,000. Tidal Investments LLC acquired a new stake in shares of Metal Sky Star Acquisition in the 1st quarter worth approximately $249,000. Robinson Capital Management LLC bought a new position in shares of Metal Sky Star Acquisition in the first quarter valued at approximately $386,000. K2 Principal Fund L.P. acquired a new position in shares of Metal Sky Star Acquisition during the fourth quarter valued at approximately $424,000. Finally, Tuttle Capital Management LLC bought a new stake in Metal Sky Star Acquisition during the first quarter worth approximately $444,000. Institutional investors own 49.73% of the company’s stock.

Metal Sky Star Acquisition Trading Up 0.2 %

Shares of NASDAQ MSSA traded up $0.02 during mid-day trading on Friday, hitting $11.36. The company had a trading volume of 12,105 shares, compared to its average volume of 23,136. The firm’s 50 day simple moving average is $11.35 and its two-hundred day simple moving average is $11.27. Metal Sky Star Acquisition has a 12 month low of $10.86 and a 12 month high of $11.60.

About Metal Sky Star Acquisition

Metal Sky Star Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.