Quantum Leap Acquisition Corp (NYSE:QLEP) Stock Short Interest Falls 72.7%

Quantum Leap Acquisition Corp (NYSE:QLEP) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 266 shares, a decline of 72.7% from the September 30th total of 976 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 26,968 shares, the short-interest ratio is currently 0.0 days.

Quantum Leap Acquisition Stock Up 0.1%

Shares of QLEP stock traded up $0.01 on Thursday, hitting $10.07. 2,807 shares of the company’s stock were exchanged, compared to its average volume of 35,507. The stock’s 50 day moving average is $10.04. Quantum Leap Acquisition has a 12 month low of $9.93 and a 12 month high of $10.10.

Hedge Funds Weigh In On Quantum Leap Acquisition

An institutional investor recently bought a new position in Quantum Leap Acquisition stock. Lineage Point Capital LP purchased a new position in shares of Quantum Leap Acquisition Corp (NYSE:QLEP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 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 largest holding. Lineage Point Capital LP owned approximately 2.75% of Quantum Leap Acquisition as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Quantum Leap Acquisition in a research report on Wednesday, September 16th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average 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.