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

Quantum Leap Acquisition Corp (NYSE:QLEP) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 976 shares, a decrease of 59.7% from the September 15th total of 2,424 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 7,826 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on QLEP shares. Wall Street Zen raised shares of Quantum Leap Acquisition to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings started coverage on shares of Quantum Leap Acquisition in a research report on Wednesday, September 16th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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

Quantum Leap Acquisition Price Performance

Shares of NYSE:QLEP traded down $0.01 during trading on Thursday, reaching $10.05. The stock had a trading volume of 4,103 shares, compared to its average volume of 44,313. The stock has a fifty day moving average of $10.03. Quantum Leap Acquisition has a 1-year low of $9.93 and a 1-year high of $10.10.

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.