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

Quantum Leap Acquisition Corp (NYSE:QLEP) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 976 shares, a drop of 59.7% from the September 15th total of 2,424 shares. Based on an average trading volume of 7,826 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Quantum Leap Acquisition Stock Performance

Quantum Leap Acquisition stock remained flat at $10.07 during midday trading on Tuesday. The company had a trading volume of 155 shares, compared to its average volume of 45,454. The business’s fifty day moving average price is $10.02. Quantum Leap Acquisition has a 1-year low of $9.93 and a 1-year high of $10.10.

Institutional Trading of Quantum Leap Acquisition

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

Analysts Set New Price Targets

Several equities research analysts recently commented on QLEP shares. Weiss Ratings assumed coverage on shares of Quantum Leap Acquisition in a research report on Wednesday, September 16th. They issued a “sell (e)” rating on the stock. Wall Street Zen upgraded Quantum Leap Acquisition to a “hold” rating in a report on Saturday, June 27th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.