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

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 stock are short sold. Based on an average daily volume of 26,968 shares, the short-interest ratio is presently 0.0 days.

Quantum Leap Acquisition Stock Performance

Shares of QLEP stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.07. 6,267 shares of the stock were exchanged. The firm’s fifty day moving average price is $10.04. Quantum Leap Acquisition has a 12-month low of $9.93 and a 12-month high of $10.10.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on Quantum Leap Acquisition in a report on Wednesday, September 16th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Quantum Leap Acquisition currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Quantum Leap Acquisition stock. Lineage Point Capital LP acquired a new stake in Quantum Leap Acquisition Corp (NYSE:QLEP) in the second quarter, according to the company in its most recent 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 comprises 1.3% of Lineage Point Capital LP’s holdings, making the stock its 13th biggest position. Lineage Point Capital LP owned approximately 2.75% of Quantum Leap Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

About Quantum Leap Acquisition

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.