Quetta Acquisition Corporation (NASDAQ:QETA) Short Interest Update

Quetta Acquisition Corporation (NASDAQ:QETAGet Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 479 shares, an increase of 78.7% from the April 30th total of 268 shares. Based on an average daily volume of 382 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the company’s shares are sold short.

Quetta Acquisition Stock Performance

Quetta Acquisition stock opened at $11.61 on Tuesday. The stock’s 50-day moving average is $11.56 and its 200-day moving average is $11.46. Quetta Acquisition has a 12 month low of $10.80 and a 12 month high of $13.07.

Quetta Acquisition (NASDAQ:QETAGet Free Report) last posted its earnings results 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 research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Check Out Our Latest Analysis on QETA

Hedge Funds Weigh In On Quetta Acquisition

A hedge fund recently bought a new stake in Quetta Acquisition stock. Clear Street Group Inc. purchased a new position in shares of Quetta Acquisition Corporation (NASDAQ:QETAFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,577 shares of the company’s stock, valued at approximately $197,000. Clear Street Group Inc. owned about 0.47% of Quetta Acquisition as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 84.33% of the company’s stock.

About Quetta Acquisition

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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.

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