Quetta Acquisition Corporation (NASDAQ:QETA) Shares Shorted: Short Interest Down 37.8% in September

Quetta Acquisition Corporation (NASDAQ:QETA) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 56 shares, a decline of 37.8% from the August 31st total of 90 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 372 shares, the short-interest ratio is currently 0.2 days.

Quetta Acquisition Trading Down 0.2%

Shares of QETA traded down $0.03 during mid-day trading on Thursday, reaching $11.79. The company’s stock had a trading volume of 4,005 shares, compared to its average volume of 5,766. The company’s fifty day moving average price is $11.62 and its two-hundred day moving average price is $11.59. Quetta Acquisition has a 52 week low of $11.02 and a 52 week high of $13.07.

Quetta Acquisition (NASDAQ:QETA) last released its quarterly earnings data on Friday, August 14th. The company reported $0.24 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Quetta Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Quetta Acquisition presently has an average rating of “Hold”.

Quetta Acquisition Company Profile

Quetta Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, acquisition, stock exchange, or similar combination.

Unlike an operating company, Quetta Acquisition does not appear to offer products or services directly and has limited business operations before completing a transaction. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a suitable business combination.

Publicly available information about the company’s target industry, geographic focus, operating history, and leadership is limited.