Quantum Leap Acquisition Corp (NYSE:QLEP) Sees Large Decrease in Short Interest

Quantum Leap Acquisition Corp (NYSE:QLEP) was the target of a significant 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. Based on an average daily trading volume, of 26,968 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Quantum Leap Acquisition Stock Up 0.0%

NYSE QLEP traded up $0.01 on Wednesday, reaching $10.07. The stock had a trading volume of 6,267 shares. Quantum Leap Acquisition has a 12-month low of $9.93 and a 12-month high of $10.10. The company’s fifty day moving average price is $10.04.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Quantum Leap Acquisition

An institutional investor recently bought a new position in Quantum Leap Acquisition stock. Lineage Point Capital LP bought a new position in shares of Quantum Leap Acquisition Corp (NYSE:QLEP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 650,000 shares of the company’s stock, valued at approximately $6,454,000. Quantum Leap Acquisition makes up 1.3% of Lineage Point Capital LP’s holdings, making the stock its 13th biggest position. Lineage Point Capital LP owned 2.75% of Quantum Leap Acquisition as of its most recent SEC filing.

About Quantum Leap Acquisition

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.