Short Interest in Quetta Acquisition Corporation (NASDAQ:QETA) Decreases By 91.7%

Quetta Acquisition Corporation (NASDAQ:QETA) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 90 shares, a drop of 91.7% from the June 30th total of 1,084 shares. Based on an average daily volume of 9,469 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Quetta Acquisition Trading Down 1.1%

Shares of NASDAQ QETA traded down $0.13 during mid-day trading on Friday, hitting $11.61. The company had a trading volume of 997 shares, compared to its average volume of 4,835. Quetta Acquisition has a 12 month low of $10.82 and a 12 month high of $13.07. The firm’s 50 day simple moving average is $11.65 and its two-hundred day simple moving average is $11.55.

Quetta Acquisition (NASDAQ:QETA) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.00) EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Quetta Acquisition in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Quetta Acquisition Company Profile

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.