Quetta Acquisition Corporation (NASDAQ:QETA) Short Interest Update

Quetta Acquisition Corporation (NASDAQ:QETA) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 268 shares, an increase of 116.1% from the April 15th total of 124 shares. Based on an average trading volume of 115 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Quetta Acquisition in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Quetta Acquisition currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Quetta Acquisition

An institutional investor recently bought a new position in Quetta Acquisition stock. Clear Street Group Inc. acquired a new position in shares of Quetta Acquisition Corporation (NASDAQ:QETA) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,577 shares of the company’s stock, valued at approximately $197,000. Clear Street Group Inc. owned about 0.47% of Quetta Acquisition at the end of the most recent reporting period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Quetta Acquisition Price Performance

Shares of QETA traded up $0.44 during midday trading on Friday, hitting $11.94. The company had a trading volume of 3,522 shares, compared to its average volume of 90. The company’s 50 day moving average price is $11.49 and its 200 day moving average price is $11.42. Quetta Acquisition has a 52 week low of $10.70 and a 52 week high of $13.07.

Quetta Acquisition (NASDAQ:QETA) last released its earnings results on Friday, May 15th. The company reported $0.00 earnings per share for the quarter.

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.