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

QuasarEdge Acquisition Corporation (NYSE:QRED) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 133 shares, an increase of ∞ from the April 30th total of 0 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 253,248 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

QuasarEdge Acquisition Price Performance

Shares of QuasarEdge Acquisition stock traded down $0.01 on Monday, reaching $9.94. The stock had a trading volume of 912 shares, compared to its average volume of 218,174. QuasarEdge Acquisition has a 1 year low of $9.87 and a 1 year high of $9.95.