Yotta Acquisition Co. (NASDAQ:YOTA – Get Rating) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 39,200 shares, a decline of 26.0% from the January 15th total of 53,000 shares. Based on an average daily volume of 42,900 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On Yotta Acquisition
A number of institutional investors have recently made changes to their positions in YOTA. B. Riley Financial Inc. acquired a new position in shares of Yotta Acquisition in the second quarter worth $652,000. Hudson Bay Capital Management LP purchased a new stake in shares of Yotta Acquisition in the second quarter valued at $6,635,000. Periscope Capital Inc. purchased a new stake in shares of Yotta Acquisition in the third quarter valued at $4,449,000. Wolverine Asset Management LLC purchased a new stake in shares of Yotta Acquisition in the third quarter valued at $3,747,000. Finally, MMCAP International Inc. SPC purchased a new stake in shares of Yotta Acquisition in the third quarter valued at $9,148,000. 71.30% of the stock is owned by institutional investors and hedge funds.
Get Yotta Acquisition alerts:Yotta Acquisition Price Performance
Shares of YOTA stock opened at $10.19 on Friday. Yotta Acquisition has a 1 year low of $9.80 and a 1 year high of $10.20. The stock has a fifty day moving average price of $10.07 and a 200 day moving average price of $9.96.
Yotta Acquisition Company Profile
(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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