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

Metal Sky Star Acquisition Co. (NASDAQ:MSSA - Get Free Report) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 1,200 shares, a decrease of 45.5% from the November 30th total of 2,200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 0.8 days.

Metal Sky Star Acquisition Stock Performance

Shares of NASDAQ:MSSA remained flat at $11.73 during midday trading on Friday. 600 shares of the stock traded hands, compared to its average volume of 16,976. The stock has a fifty day moving average price of $11.75 and a 200-day moving average price of $11.51. Metal Sky Star Acquisition has a one year low of $10.94 and a one year high of $14.48.

Institutional Trading of Metal Sky Star Acquisition

A hedge fund recently raised its stake in Metal Sky Star Acquisition stock. Clear Street LLC raised its stake in Metal Sky Star Acquisition Co. (NASDAQ:MSSA - Free Report) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,871 shares of the company's stock after acquiring an additional 1,335 shares during the quarter. Clear Street LLC owned approximately 0.64% of Metal Sky Star Acquisition worth $464,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 49.73% of the company's stock.

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.