Quetta Acquisition Corporation (NASDAQ:QETA) Short Interest Update

Quetta Acquisition Corporation (NASDAQ:QETA) was the recipient of a large increase in short interest during 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 short-interest ratio is currently 1.3 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Quetta Acquisition stock. Clear Street Group Inc. acquired a new position in Quetta Acquisition Corporation (NASDAQ:QETA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,577 shares of the company’s stock, valued at approximately $197,000. Clear Street Group Inc. owned approximately 0.47% of Quetta Acquisition at the end of the most recent quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Quetta Acquisition Stock Performance

Quetta Acquisition stock opened at $11.61 on Tuesday. The firm’s 50 day moving average price is $11.56 and its two-hundred day moving average price is $11.46. Quetta Acquisition has a 1 year low of $10.80 and a 1 year 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 Upgrades and Downgrades

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