Big Tree Cloud Holdings Limited (NASDAQ:DSY) Sees Significant Increase in Short Interest

Big Tree Cloud Holdings Limited (NASDAQ:DSY) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 32,667 shares, a growth of 26.4% from the March 31st total of 25,844 shares. Based on an average daily volume of 7,724 shares, the days-to-cover ratio is presently 4.2 days. Currently, 1.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Big Tree Cloud

A hedge fund recently bought a new stake in Big Tree Cloud stock. Sabby Management LLC purchased a new position in Big Tree Cloud Holdings Limited (NASDAQ:DSY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,720,762 shares of the company’s stock, valued at approximately $8,030,000. Big Tree Cloud comprises about 9.2% of Sabby Management LLC’s holdings, making the stock its largest holding. Sabby Management LLC owned about 8.12% of Big Tree Cloud at the end of the most recent quarter. 60.21% of the stock is currently owned by institutional investors and hedge funds.

Big Tree Cloud Stock Performance

NASDAQ DSY traded down $0.01 on Wednesday, hitting $2.31. The stock had a trading volume of 2,702 shares, compared to its average volume of 18,928. Big Tree Cloud has a 52-week low of $2.04 and a 52-week high of $146.60. The firm has a 50-day moving average of $2.83 and a 200-day moving average of $6.27.

About Big Tree Cloud

Big Tree Cloud Holdings Limited manufactures and sells personal care products and other consumer goods. The company is based in Shenzhen, China. Big Tree Cloud Holdings Limited operates as a subsidiary of Ploutos Group Limited.