Yotta Acquisition Co. (NASDAQ:YOTA) Short Interest Update

Yotta Acquisition Co. (NASDAQ:YOTA) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 800 shares, a growth of 300.0% from the August 15th total of 200 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Yotta Acquisition stock. Clear Street LLC boosted its holdings in Yotta Acquisition Co. (NASDAQ:YOTA) by 3,169.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,392 shares of the company’s stock after buying an additional 70,178 shares during the period. Clear Street LLC owned approximately 1.84% of Yotta Acquisition worth $793,000 as of its most recent filing with the Securities and Exchange Commission. 16.06% of the stock is owned by institutional investors.

Yotta Acquisition Price Performance

NASDAQ:YOTA opened at $11.06 on Friday. The firm’s 50 day moving average is $11.15 and its 200 day moving average is $10.93. Yotta Acquisition has a 12 month low of $10.35 and a 12 month high of $15.49.

Yotta Acquisition Company Profile

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.