Quantum Leap Acquisition Corp (NYSE:QLEP) Stock Short Interest Drops 59.7%

Quantum Leap Acquisition Corp (NYSE:QLEP) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 976 shares, a decrease of 59.7% from the September 15th total of 2,424 shares. Based on an average daily volume of 7,826 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Quantum Leap Acquisition Price Performance

QLEP traded down $0.04 on Wednesday, hitting $10.06. 1,217 shares of the company were exchanged, compared to its average volume of 44,857. The business has a 50-day moving average price of $10.02. Quantum Leap Acquisition has a twelve month low of $9.93 and a twelve month high of $10.10.

Institutional Trading of Quantum Leap Acquisition

An institutional investor recently bought a new stake in Quantum Leap Acquisition stock. Lineage Point Capital LP purchased a new position in shares of Quantum Leap Acquisition Corp (NYSE:QLEP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 650,000 shares of the company’s stock, valued at approximately $6,454,000. Quantum Leap Acquisition accounts for 1.3% of Lineage Point Capital LP’s investment portfolio, making the stock its 13th largest holding. Lineage Point Capital LP owned 2.75% of Quantum Leap Acquisition as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on QLEP shares. Wall Street Zen raised shares of Quantum Leap Acquisition to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings started coverage on Quantum Leap Acquisition in a report on Wednesday, September 16th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Quantum Leap Acquisition

Quantum Leap Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Quantum Leap Acquisition Corp. is based in Menlo Park, California.