Yotta Acquisition Co. (NASDAQ:YOTA – Get Rating) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 10,100 shares, a growth of 4,950.0% from the November 15th total of 200 shares. Based on an average daily trading volume, of 11,000 shares, the days-to-cover ratio is presently 0.9 days.
Institutional Investors Weigh In On Yotta Acquisition
A number of hedge funds and other institutional investors have recently modified their holdings of YOTA. MMCAP International Inc. SPC bought a new stake in shares of Yotta Acquisition during the third quarter valued at about $9,148,000. Hudson Bay Capital Management LP bought a new stake in shares of Yotta Acquisition during the second quarter valued at about $6,635,000. Shaolin Capital Management LLC bought a new stake in shares of Yotta Acquisition during the third quarter valued at about $5,303,000. Periscope Capital Inc. bought a new stake in shares of Yotta Acquisition during the third quarter valued at about $4,449,000. Finally, Wolverine Asset Management LLC acquired a new position in Yotta Acquisition during the third quarter worth about $3,747,000. 44.21% of the stock is currently owned by institutional investors.
Get Yotta Acquisition alerts:Yotta Acquisition Trading Up 0.3 %
Shares of NASDAQ YOTA opened at $9.99 on Tuesday. Yotta Acquisition has a fifty-two week low of $9.80 and a fifty-two week high of $10.00. The company's 50-day moving average is $9.92.
About Yotta Acquisition
(Get Rating)Yotta Acquisition Corporation focuses on entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on high technology, blockchain, software and hardware, ecommerce, social media, and other general business industries worldwide.
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