QuasarEdge Acquisition Corporation (NYSE:QRED) Sees Significant Increase in Short Interest

QuasarEdge Acquisition Corporation (NYSE:QRED) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,215 shares, a growth of 141.1% from the October 15th total of 504 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 17,280 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of QuasarEdge Acquisition in a research note on Tuesday, September 22nd. 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 currently has a consensus rating of “Sell”.

QuasarEdge Acquisition Stock Up 0.0%

Shares of QRED stock traded up $0.01 on Friday, hitting $10.12. The company had a trading volume of 173 shares, compared to its average volume of 14,968. The company’s 50-day simple moving average is $10.07. QuasarEdge Acquisition has a twelve month low of $9.87 and a twelve month high of $10.13.

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.