Yotta Acquisition Co. (NASDAQ:YOTA) Sees Large Growth in Short Interest

Yotta Acquisition Co. (NASDAQ:YOTA) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 3,200 shares, a growth of 113.3% from the October 15th total of 1,500 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is currently 2.0 days.

Yotta Acquisition Trading Down 0.3 %

Shares of Yotta Acquisition stock opened at $11.17 on Friday. Yotta Acquisition has a 12-month low of $10.35 and a 12-month high of $15.49. The firm’s 50-day moving average price is $11.13 and its two-hundred day moving average price is $11.05.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Yotta Acquisition stock. Clear Street LLC grew its position in shares of Yotta Acquisition Co. (NASDAQ:YOTA) by 3,169.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,392 shares of the company’s stock after purchasing an additional 70,178 shares during the quarter. Clear Street LLC owned about 1.84% of Yotta Acquisition worth $793,000 as of its most recent SEC filing. 16.06% of the stock is owned by institutional investors and hedge funds.

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.