Quetta Acquisition Corporation (NASDAQ:QETA) Short Interest Down 91.7% in July

Quetta Acquisition Corporation (NASDAQ:QETA) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 90 shares, a decline of 91.7% from the June 30th total of 1,084 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 9,469 shares, the short-interest ratio is presently 0.0 days.

Quetta Acquisition Trading Down 1.1%

Quetta Acquisition stock traded down $0.13 during midday trading on Friday, reaching $11.61. The company’s stock had a trading volume of 997 shares, compared to its average volume of 4,835. The stock’s 50-day simple moving average is $11.65 and its 200-day simple moving average is $11.55. Quetta Acquisition has a 52-week low of $10.82 and a 52-week high of $13.07.

Quetta Acquisition (NASDAQ:QETA) last issued 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 reiterated a “sell (d+)” rating on shares of Quetta Acquisition in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Quetta Acquisition has a consensus rating of “Sell”.

About Quetta Acquisition

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.