Yotta Acquisition Co. (NASDAQ:YOTA) Short Interest Up 125.0% in September

Yotta Acquisition Co. (NASDAQ:YOTA) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 1,800 shares, an increase of 125.0% from the August 31st total of 800 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 4,200 shares, the short-interest ratio is currently 0.4 days.

Yotta Acquisition Stock Performance

NASDAQ:YOTA opened at $11.06 on Friday. The business has a 50 day simple moving average of $11.15 and a 200 day simple moving average of $10.95. Yotta Acquisition has a 12-month low of $10.35 and a 12-month high of $15.49.

Hedge Funds Weigh In On Yotta Acquisition

An institutional investor recently raised its position in Yotta Acquisition stock. Clear Street LLC raised its position in shares of Yotta Acquisition Co. (NASDAQ:YOTA) by 3,169.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,392 shares of the company’s stock after purchasing 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 quarter. Institutional investors and hedge funds own 16.06% of the company’s stock.

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.