Short Interest in QuasarEdge Acquisition Corporation (NYSE:QRED) Increases By 144.9%

QuasarEdge Acquisition Corporation (NYSE:QRED) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 289 shares, a growth of 144.9% from the May 31st total of 118 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,141 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

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

QuasarEdge Acquisition Stock Performance

Shares of QRED traded up $0.02 during mid-day trading on Monday, hitting $9.95. 693 shares of the company were exchanged, compared to its average volume of 97,693. QuasarEdge Acquisition has a 1-year low of $9.87 and a 1-year high of $9.98.