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

Yotta Acquisition Co. (NASDAQ:YOTA) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 2,200 shares, a decrease of 31.3% from the October 31st total of 3,200 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 1,000 shares, the short-interest ratio is presently 2.2 days.

Institutional Trading of Yotta Acquisition

A hedge fund recently raised its stake in Yotta Acquisition stock. Clear Street LLC lifted its holdings in shares of Yotta Acquisition Co. (NASDAQ:YOTA) by 3,169.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,392 shares of the company’s stock after buying an additional 70,178 shares during the period. Clear Street LLC owned 1.84% of Yotta Acquisition worth $793,000 at the end of the most recent reporting period. 16.06% of the stock is currently owned by institutional investors and hedge funds.

Yotta Acquisition Stock Performance

Shares of YOTA opened at $11.24 on Friday. The business’s fifty day moving average price is $11.15 and its 200 day moving average price is $11.09. Yotta Acquisition has a 12-month low of $10.35 and a 12-month high of $15.49.

About Yotta Acquisition

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.