Quantum Leap Acquisition Corp (NYSE:QLEP) Short Interest Update

Quantum Leap Acquisition Corp (NYSE:QLEP) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,730 shares, an increase of 190.8% from the August 15th total of 595 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 63,800 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Quantum Leap Acquisition stock. Lineage Point Capital LP acquired a new stake in shares of Quantum Leap Acquisition Corp (NYSE:QLEP) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 650,000 shares of the company’s stock, valued at approximately $6,454,000. Quantum Leap Acquisition makes up about 1.3% of Lineage Point Capital LP’s holdings, making the stock its 13th largest position. Lineage Point Capital LP owned 2.75% of Quantum Leap Acquisition at the end of the most recent reporting period.

Quantum Leap Acquisition Price Performance

Shares of NYSE:QLEP traded down $0.03 during midday trading on Monday, hitting $10.02. The company had a trading volume of 4,876 shares, compared to its average volume of 54,464. Quantum Leap Acquisition has a 12-month low of $9.93 and a 12-month high of $10.10. The business has a fifty day simple moving average of $10.00.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Quantum Leap Acquisition to a “hold” rating in a research note on Saturday, June 27th.

Quantum Leap Acquisition Company Profile

Quantum Leap Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Quantum Leap Acquisition Corp. is based in Menlo Park, California.