DT Cloud Acquisition (NASDAQ:DYCQ) Trading Up 0.1% – Still a Buy?

DT Cloud Acquisition Co. (NASDAQ:DYCQ) shares rose 0.1% on Monday . The stock traded as high as $10.51 and last traded at $10.51. Approximately 2,300 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 130,571 shares. The stock had previously closed at $10.50.

DT Cloud Acquisition Price Performance

The company’s 50 day simple moving average is $10.47 and its 200-day simple moving average is $10.38.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Dakota Wealth Management bought a new position in shares of DT Cloud Acquisition during the third quarter valued at approximately $361,000. Wolverine Asset Management LLC increased 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 acquiring an additional 57,108 shares in the last quarter. Mizuho Securities USA LLC increased its stake in DT Cloud Acquisition by 18.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 715,000 shares of the company’s stock valued at $7,343,000 after purchasing an additional 113,338 shares in the last quarter. Berkley W R Corp acquired a new position in shares of DT Cloud Acquisition in the 3rd quarter valued at $3,332,000. Finally, Quarry LP increased its holdings in shares of DT Cloud Acquisition by 78.4% in the third quarter. Quarry LP now owns 170,625 shares of the company’s stock valued at $1,759,000 after purchasing an additional 75,000 shares during the period.

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.