Qomolangma Acquisition Corp. (NASDAQ:QOMO) Sees Significant Increase in Short Interest

Qomolangma Acquisition Corp. (NASDAQ:QOMO) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 500 shares, an increase of 25.0% from the March 15th total of 400 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 500 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Westchester Capital Management LLC acquired a new position in shares of Qomolangma Acquisition in the third quarter valued at approximately $1,210,000. Warberg Asset Management LLC acquired a new position in shares of Qomolangma Acquisition in the third quarter valued at approximately $402,000. Mangrove Partners acquired a new position in shares of Qomolangma Acquisition in the fourth quarter valued at approximately $2,457,000. Walleye Capital LLC acquired a new position in shares of Qomolangma Acquisition in the second quarter valued at approximately $2,001,000. Finally, Two Sigma Investments LP bought a new stake in Qomolangma Acquisition in the fourth quarter valued at approximately $1,252,000. Institutional investors and hedge funds own 21.63% of the company’s stock.

Qomolangma Acquisition Stock Up 0.7 %

NASDAQ QOMO traded up $0.08 during trading on Monday, hitting $10.99. 992 shares of the company’s stock were exchanged, compared to its average volume of 1,938. Qomolangma Acquisition has a fifty-two week low of $10.27 and a fifty-two week high of $11.39. The stock’s 50 day moving average price is $10.91 and its two-hundred day moving average price is $10.77.

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.