Metal Sky Star Acquisition Co. (NASDAQ:MSSA) Sees Large Decrease in Short Interest

Metal Sky Star Acquisition Co. (NASDAQ:MSSA) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 2,600 shares, a decline of 36.6% from the September 15th total of 4,100 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,100 shares, the short-interest ratio is presently 0.6 days.

Metal Sky Star Acquisition Stock Performance

Metal Sky Star Acquisition stock traded up $0.08 during trading hours on Monday, hitting $11.46. 700 shares of the stock traded hands, compared to its average volume of 20,468. Metal Sky Star Acquisition has a one year low of $10.86 and a one year high of $11.60. The firm’s 50-day moving average price is $11.39 and its two-hundred day moving average price is $11.32.

Institutional Investors Weigh In On Metal Sky Star Acquisition

Several hedge funds have recently made changes to their positions in MSSA. Tidal Investments LLC purchased a new position in Metal Sky Star Acquisition during the first quarter valued at $249,000. Robinson Capital Management LLC bought a new stake in Metal Sky Star Acquisition during the first quarter worth about $386,000. Tuttle Capital Management LLC purchased a new stake in Metal Sky Star Acquisition in the first quarter worth about $444,000. Clear Street LLC increased its stake in shares of Metal Sky Star Acquisition by 3.4% during the second quarter. Clear Street LLC now owns 40,871 shares of the company’s stock valued at $464,000 after purchasing an additional 1,335 shares in the last quarter. Finally, Berkley W R Corp grew its stake in shares of 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 worth $5,102,000 after buying an additional 335,774 shares during the last quarter. 49.73% of the stock is currently owned by institutional investors.

About Metal Sky Star Acquisition

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.