QuasarEdge Acquisition Corporation (NYSE:QRED – Get Free Report) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,184 shares, a drop of 92.9% from the July 30th total of 16,729 shares. Based on an average daily volume of 20,592 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded QuasarEdge Acquisition to a “hold” rating in a research report on Saturday, May 16th.
Check Out Our Latest Stock Analysis on QRED
QuasarEdge Acquisition Price Performance
Shares of QRED traded up $0.01 during mid-day trading on Thursday, reaching $10.04. The stock had a trading volume of 76,731 shares, compared to its average volume of 32,956. The business’s fifty day moving average price is $9.99. QuasarEdge Acquisition has a 12 month low of $9.87 and a 12 month high of $10.05.
About QuasarEdge Acquisition
QuasarEdge Acquisition Corp is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. QuasarEdge Acquisition Corp is based in NEW YORK.
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