Metal Sky Star Acquisition Co. (NASDAQ:MSSA) Sees Large Increase in Short Interest

Metal Sky Star Acquisition Co. (NASDAQ:MSSA) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 2,200 shares, a growth of 2,100.0% from the November 15th total of 100 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Metal Sky Star Acquisition Price Performance

Metal Sky Star Acquisition stock traded down $0.15 during trading hours on Friday, hitting $11.73. 686 shares of the stock were exchanged, compared to its average volume of 16,977. The business’s 50-day moving average is $11.70 and its two-hundred day moving average is $11.48. Metal Sky Star Acquisition has a 12 month low of $10.94 and a 12 month high of $14.48.

Institutional Investors Weigh In On Metal Sky Star Acquisition

A hedge fund recently raised its stake in Metal Sky Star Acquisition stock. Clear Street LLC increased its stake in Metal Sky Star Acquisition Co. (NASDAQ:MSSA) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,871 shares of the company’s stock after purchasing an additional 1,335 shares during the period. Clear Street LLC owned 0.64% of Metal Sky Star Acquisition worth $464,000 as of its most recent SEC filing. 49.73% of the stock is owned by institutional investors and hedge funds.

Metal Sky Star Acquisition Company Profile

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.