Quantum Leap Acquisition Corp (NYSE:QLEP) Stock Short Interest Report for October

Quantum Leap Acquisition Corp (NYSE:QLEP) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 266 shares, a decrease of 72.7% from the September 30th total of 976 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 26,968 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on shares of Quantum Leap Acquisition in a research report on Wednesday, September 16th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

Quantum Leap Acquisition Trading Up 0.1%

QLEP stock traded up $0.01 during mid-day trading on Friday, reaching $10.07. 18,085 shares of the company’s stock were exchanged, compared to its average volume of 46,969. The firm has a 50 day moving average of $10.04. Quantum Leap Acquisition has a 12-month low of $9.93 and a 12-month high of $10.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Quantum Leap Acquisition stock. Lineage Point Capital LP bought a new stake in Quantum Leap Acquisition Corp (NYSE:QLEP) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 650,000 shares of the company’s stock, valued at approximately $6,454,000. Quantum Leap Acquisition accounts for 1.3% of Lineage Point Capital LP’s investment portfolio, making the stock its 13th largest holding. Lineage Point Capital LP owned about 2.75% of Quantum Leap Acquisition at the end of the most recent quarter.

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.