DT Cloud Acquisition Co. (NASDAQ:DYCQ) Short Interest Up 6.7% in October

DT Cloud Acquisition Co. (NASDAQ:DYCQ) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 9,500 shares, a growth of 6.7% from the October 15th total of 8,900 shares. Based on an average trading volume of 31,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

DT Cloud Acquisition Stock Performance

Shares of NASDAQ DYCQ traded down $0.01 during mid-day trading on Tuesday, reaching $10.38. The company had a trading volume of 5,950 shares, compared to its average volume of 61,310. The company has a 50-day moving average price of $10.35 and a two-hundred day moving average price of $10.26. DT Cloud Acquisition has a 1-year low of $10.07 and a 1-year high of $10.43.

Hedge Funds Weigh In On DT Cloud Acquisition

Hedge funds have recently modified their holdings of the stock. K2 Principal Fund L.P. purchased a new position in shares of DT Cloud Acquisition during the third quarter valued at $629,000. Quarry LP grew its holdings 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 buying an additional 75,000 shares in the last quarter. Berkley W R Corp purchased a new position in shares of DT Cloud Acquisition during the third quarter valued at $3,332,000. Mizuho Securities USA LLC grew its holdings in shares of DT Cloud Acquisition by 18.8% during the third quarter. Mizuho Securities USA LLC now owns 715,000 shares of the company’s stock valued at $7,343,000 after buying an additional 113,338 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of DT Cloud Acquisition by 32.6% during the third quarter. Wolverine Asset Management LLC now owns 232,108 shares of the company’s stock valued at $2,393,000 after buying an additional 57,108 shares in the last quarter.

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.