Short Interest in Metal Sky Star Acquisition Co. (NASDAQ:MSSA) Decreases By 28.6%

Posted by Donna Armstrong on Nov 14th, 2024

Metal Sky Star Acquisition Co. (NASDAQ:MSSA – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,000 shares, a drop of 28.6% from the October 15th total of 2,800 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 4,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Metal Sky Star Acquisition

A number of hedge funds have recently modified their holdings of the business. Tidal Investments LLC purchased a new stake in shares of Metal Sky Star Acquisition in the 1st quarter valued at $249,000. Robinson Capital Management LLC purchased a new stake in Metal Sky Star Acquisition during the first quarter worth about $386,000. Clear Street LLC grew its stake in Metal Sky Star Acquisition by 3.4% in the 2nd quarter. Clear Street LLC now owns 40,871 shares of the company’s stock valued at $464,000 after acquiring an additional 1,335 shares during the last quarter. Finally, Berkley W R Corp lifted its stake in Metal Sky Star Acquisition by 270.2% in the 1st quarter. Berkley W R Corp now owns 460,061 shares of the company’s stock valued at $5,102,000 after buying an additional 335,774 shares in the last quarter. 49.73% of the stock is currently owned by institutional investors and hedge funds.

Metal Sky Star Acquisition Stock Performance

NASDAQ:MSSA traded up $0.35 during trading hours on Thursday, reaching $12.00. 4,904 shares of the company were exchanged, compared to its average volume of 18,572. Metal Sky Star Acquisition has a twelve month low of $10.89 and a twelve month high of $12.00. The stock’s 50-day moving average is $11.53 and its 200-day moving average is $11.39.

About Metal Sky Star Acquisition

(Get Free Report)

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.