DT Cloud Star Acquisition (NASDAQ:DTSQ) Trading Down 0.3% – Time to Sell?

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) dropped 0.3% during mid-day trading on Friday . The company traded as low as $10.85 and last traded at $10.8650. Approximately 770 shares changed hands during trading, a decline of 80% from the average daily volume of 3,878 shares. The stock had previously closed at $10.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of DT Cloud Star Acquisition in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

DT Cloud Star Acquisition Price Performance

The company’s fifty day moving average is $10.83 and its 200 day moving average is $10.65.

Hedge Funds Weigh In On DT Cloud Star Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the business. Berkley W R Corp boosted its position in DT Cloud Star Acquisition by 69.5% during the 3rd 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 during the period. Wealthspring Capital LLC lifted its stake in shares of DT Cloud Star Acquisition by 1,284.4% during 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 in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of DT Cloud Star Acquisition by 100.0% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 232,000 shares of the company’s stock worth $2,408,000 after purchasing an additional 116,000 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of DT Cloud Star Acquisition by 100.0% in the second quarter. Gabelli Funds LLC now owns 168,000 shares of the company’s stock worth $1,744,000 after buying an additional 84,000 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in shares of DT Cloud Star Acquisition in the fourth quarter valued at about $1,511,000.

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.