QuasarEdge Acquisition Corporation (NYSE:QRED) Short Interest Down 92.9% in August

QuasarEdge Acquisition Corporation (NYSE:QRED) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,184 shares, a decline of 92.9% from the July 30th total of 16,729 shares. Based on an average daily volume of 20,592 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

QuasarEdge Acquisition Stock Performance

Shares of QRED stock traded up $0.01 on Tuesday, reaching $10.03. 113 shares of the company’s stock were exchanged, compared to its average volume of 33,092. QuasarEdge Acquisition has a 52 week low of $9.87 and a 52 week high of $10.02. The business has a fifty day moving average of $9.98.

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.