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

Metal Sky Star Acquisition Co. (NASDAQ:MSSA) was the target of a significant 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 trading 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 sold short.

Hedge Funds Weigh In On Metal Sky Star Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the company. Kim LLC purchased a new position in shares of Metal Sky Star Acquisition in the 4th quarter worth about $1,684,000. PenderFund Capital Management Ltd. purchased a new position in shares of Metal Sky Star Acquisition in the 4th quarter worth about $181,000. Tidal Investments LLC purchased a new position in shares of Metal Sky Star Acquisition in the 1st quarter worth about $249,000. Clear Street LLC boosted its holdings in shares of Metal Sky Star Acquisition by 10.4% in the 4th quarter. Clear Street LLC now owns 41,802 shares of the company’s stock worth $457,000 after purchasing an additional 3,953 shares in the last quarter. Finally, K2 Principal Fund L.P. purchased a new stake in Metal Sky Star Acquisition during the 4th quarter valued at about $424,000. 49.73% of the stock is currently owned by hedge funds and other institutional investors.

Metal Sky Star Acquisition Price Performance

Shares of MSSA traded up $0.01 during midday trading on Monday, reaching $11.37. The stock had a trading volume of 99,140 shares, compared to its average volume of 24,063. The company’s 50-day moving average is $11.35 and its 200 day moving average is $11.27. Metal Sky Star Acquisition has a 12-month low of $10.86 and a 12-month high of $11.60.

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.