QuasarEdge Acquisition Corporation (NYSE:QRED) Sees Significant Increase in Short Interest

QuasarEdge Acquisition Corporation (NYSE:QRED) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 1,215 shares, an increase of 141.1% from the October 15th total of 504 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 17,280 shares, the days-to-cover ratio is currently 0.1 days.

QuasarEdge Acquisition Stock Performance

Shares of QuasarEdge Acquisition stock traded up $0.01 during trading hours on Friday, reaching $10.12. The stock had a trading volume of 173 shares, compared to its average volume of 14,968. The company’s 50 day simple moving average is $10.07. QuasarEdge Acquisition has a twelve month low of $9.87 and a twelve month high of $10.13.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on shares of QuasarEdge Acquisition in a research note on Tuesday, September 22nd. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

About QuasarEdge Acquisition

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.