Metal Sky Star Acquisition Co. (NASDAQ:MSSA) Short Interest Update

Metal Sky Star Acquisition Co. (NASDAQ:MSSA) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 2,400 shares, a decline of 31.4% from the August 15th total of 3,500 shares. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Metal Sky Star Acquisition

A number of hedge funds have recently modified their holdings of MSSA. PenderFund Capital Management Ltd. acquired a new position in shares of Metal Sky Star Acquisition in the fourth quarter worth about $181,000. Tidal Investments LLC purchased a new stake in shares of Metal Sky Star Acquisition in the 1st quarter valued at approximately $249,000. Robinson Capital Management LLC acquired a new position in Metal Sky Star Acquisition in the 1st quarter worth approximately $386,000. K2 Principal Fund L.P. purchased a new position in Metal Sky Star Acquisition during the 4th quarter worth approximately $424,000. Finally, Tuttle Capital Management LLC acquired a new stake in Metal Sky Star Acquisition during the 1st quarter valued at $444,000. 49.73% of the stock is currently owned by institutional investors and hedge funds.

Metal Sky Star Acquisition Price Performance

Shares of NASDAQ MSSA traded up $0.02 during trading on Friday, hitting $11.36. The company had a trading volume of 12,105 shares, compared to its average volume of 23,136. Metal Sky Star Acquisition has a 52 week low of $10.86 and a 52 week high of $11.60. The business’s 50-day moving average is $11.35 and its 200 day moving average is $11.27.

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.