Yotta Acquisition Co. (NASDAQ:YOTA) Sees Large Growth in Short Interest

Yotta Acquisition Co. (NASDAQ:YOTA) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 3,200 shares, a growth of 113.3% from the October 15th total of 1,500 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On Yotta Acquisition

An institutional investor recently raised its position in Yotta Acquisition stock. Clear Street LLC lifted its holdings in shares of Yotta Acquisition Co. (NASDAQ:YOTA) by 3,169.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,392 shares of the company’s stock after purchasing an additional 70,178 shares during the period. Clear Street LLC owned about 1.84% of Yotta Acquisition worth $793,000 at the end of the most recent reporting period. 16.06% of the stock is owned by institutional investors and hedge funds.

Yotta Acquisition Trading Down 0.3 %

NASDAQ:YOTA opened at $11.17 on Friday. The company has a fifty day moving average of $11.13 and a 200-day moving average of $11.05. Yotta Acquisition has a twelve month low of $10.35 and a twelve month high of $15.49.

Yotta Acquisition Company Profile

Yotta Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company intends to focus on high technology, blockchain, software and hardware, ecommerce, social media, and other general business industries worldwide.