Quetta Acquisition Corporation (NASDAQ:QETA) Short Interest Up 106.1% in June

Quetta Acquisition Corporation (NASDAQ:QETA) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 1,084 shares, an increase of 106.1% from the June 15th total of 526 shares. Based on an average daily trading volume, of 932 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are short sold.

Quetta Acquisition Stock Performance

QETA stock traded down $0.23 during mid-day trading on Thursday, hitting $11.51. The stock had a trading volume of 997 shares, compared to its average volume of 5,283. Quetta Acquisition has a 1-year low of $10.82 and a 1-year high of $13.07. The company has a fifty day moving average of $11.63 and a 200 day moving average of $11.54.

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Quetta Acquisition in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus 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.