Yotta Acquisition Co. (NASDAQ:YOTA) Sees Large Increase in Short Interest

Yotta Acquisition Co. (NASDAQ:YOTA) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,200 shares, an increase of 113.3% from the October 15th total of 1,500 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is presently 2.0 days. Currently, 0.4% of the company’s stock are short sold.

Yotta Acquisition Stock Performance

YOTA stock opened at $11.20 on Thursday. Yotta Acquisition has a 1-year low of $10.35 and a 1-year high of $15.49. The business has a fifty day moving average price of $11.13 and a 200-day moving average price of $11.05.

Hedge Funds Weigh In On Yotta Acquisition

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

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.