Qomolangma Acquisition Corp. (NASDAQ:QOMO) Short Interest Up 150.0% in September

Qomolangma Acquisition Corp. (NASDAQ:QOMO) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 500 shares, an increase of 150.0% from the August 31st total of 200 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Qomolangma Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC acquired a new stake in shares of Qomolangma Acquisition in the first quarter valued at about $128,000. Clear Street LLC grew its stake in Qomolangma Acquisition by 923.5% during the 2nd quarter. Clear Street LLC now owns 3,705 shares of the company’s stock valued at $41,000 after acquiring an additional 3,343 shares in the last quarter. Finally, Robinson Capital Management LLC grew its stake in Qomolangma Acquisition by 95.5% during the 1st quarter. Robinson Capital Management LLC now owns 23,948 shares of the company’s stock valued at $259,000 after acquiring an additional 11,698 shares in the last quarter. Institutional investors and hedge funds own 21.63% of the company’s stock.

Qomolangma Acquisition Stock Performance

Shares of NASDAQ:QOMO traded down $0.10 during trading on Friday, reaching $11.50. The stock had a trading volume of 6,628 shares, compared to its average volume of 1,744. Qomolangma Acquisition has a 1-year low of $10.60 and a 1-year high of $13.43. The business has a fifty day moving average price of $11.61 and a 200-day moving average price of $11.18.

Qomolangma Acquisition Company Profile

Qomolangma Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to acquire businesses in the Internet and high technology, financial technology, clean energy, agriculture machinery, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors primarily in the Asian market.