DT Cloud Star Acquisition (NASDAQ:DTSQ) Trading Up 0.9% – Here’s Why

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ)’s stock price traded up 0.9% during trading on Wednesday . The company traded as high as $10.81 and last traded at $10.80. 3,455 shares were traded during trading, a decline of 42% from the average session volume of 5,932 shares. The stock had previously closed at $10.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of DT Cloud Star Acquisition in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, DT Cloud Star Acquisition presently has a consensus rating of “Sell”.

DT Cloud Star Acquisition Trading Up 0.9%

The business’s 50-day simple moving average is $10.75 and its 200-day simple moving average is $10.56.

DT Cloud Star Acquisition (NASDAQ:DTSQ) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter.

Hedge Funds Weigh In On DT Cloud Star Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DTSQ. Clear Street Group Inc. bought a new stake in shares of DT Cloud Star Acquisition in the 3rd quarter valued at about $792,000. Gabelli Funds LLC increased its stake in DT Cloud Star Acquisition by 100.0% in the second quarter. Gabelli Funds LLC now owns 168,000 shares of the company’s stock valued at $1,744,000 after purchasing an additional 84,000 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in DT Cloud Star Acquisition by 100.0% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 232,000 shares of the company’s stock valued at $2,408,000 after purchasing an additional 116,000 shares in the last quarter. Wealthspring Capital LLC raised its holdings in DT Cloud Star Acquisition by 1,284.4% in the second quarter. Wealthspring Capital LLC now owns 247,800 shares of the company’s stock worth $2,572,000 after purchasing an additional 229,900 shares during the period. Finally, Berkley W R Corp boosted its position in shares of DT Cloud Star Acquisition by 69.5% during the third quarter. Berkley W R Corp now owns 673,926 shares of the company’s stock worth $7,049,000 after purchasing an additional 276,278 shares in the last quarter.

About DT Cloud Star Acquisition

DT Cloud Star Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Brooklyn, New York.