Yotta Acquisition Co. (NASDAQ:YOTA) Short Interest Update

Yotta Acquisition Co. (NASDAQ:YOTA) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,200 shares, a growth of 113.3% from the October 15th total of 1,500 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is currently 2.0 days. Approximately 0.4% of the shares of the company are short sold.

Yotta Acquisition Stock Performance

NASDAQ:YOTA opened at $11.20 on Wednesday. The business’s fifty day moving average is $11.13 and its 200 day moving average is $11.05. Yotta Acquisition has a 52-week low of $10.35 and a 52-week high of $15.49.

Institutional Investors Weigh In On Yotta Acquisition

A hedge fund recently raised its stake in Yotta Acquisition stock. Clear Street LLC boosted its position in shares of Yotta Acquisition Co. (NASDAQ:YOTA) by 3,169.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,392 shares of the company’s stock after acquiring an additional 70,178 shares during the period. Clear Street LLC owned 1.84% of Yotta Acquisition worth $793,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 16.06% of the company’s stock.

Yotta Acquisition Company Profile

Yotta Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company intends to focus on high technology, blockchain, software and hardware, ecommerce, social media, and other general business industries worldwide.