QuasarEdge Acquisition Corporation (NYSE:QRED) Short Interest Down 92.9% in August

QuasarEdge Acquisition Corporation (NYSE:QRED) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,184 shares, a drop of 92.9% from the July 30th total of 16,729 shares. Based on an average daily volume of 20,592 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

QuasarEdge Acquisition Stock Performance

Shares of QuasarEdge Acquisition stock traded up $0.01 on Tuesday, reaching $10.03. The company had a trading volume of 113 shares, compared to its average volume of 33,092. The firm’s 50-day simple moving average is $9.98. QuasarEdge Acquisition has a 1 year low of $9.87 and a 1 year high of $10.02.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of QuasarEdge Acquisition to a “hold” rating in a report on Saturday, May 16th.

QuasarEdge Acquisition Company Profile

QuasarEdge Acquisition Corp is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. QuasarEdge Acquisition Corp is based in NEW YORK.