Quetta Acquisition Corporation (NASDAQ:QETA) Short Interest Update

Quetta Acquisition Corporation (NASDAQ:QETA) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 100 shares, a decline of 50.0% from the August 31st total of 200 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 0.3 days.

Quetta Acquisition Stock Performance

Shares of QETA opened at $11.18 on Friday. The company has a 50-day moving average of $10.91 and a two-hundred day moving average of $10.82. Quetta Acquisition has a 12-month low of $10.37 and a 12-month high of $12.09.

Hedge Funds Weigh In On Quetta Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QETA. Clear Street LLC raised its position in Quetta Acquisition by 185.1% during the second quarter. Clear Street LLC now owns 17,577 shares of the company’s stock worth $191,000 after acquiring an additional 11,411 shares during the last quarter. Mizuho Securities USA LLC acquired a new position in shares of Quetta Acquisition in the first quarter valued at approximately $867,000. Crossingbridge Advisors LLC acquired a new position in shares of Quetta Acquisition in the first quarter valued at approximately $898,000. Finally, Wolverine Asset Management LLC raised its position in shares of Quetta Acquisition by 2.5% in the second quarter. Wolverine Asset Management LLC now owns 157,458 shares of the company’s stock valued at $1,710,000 after buying an additional 3,769 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Quetta Acquisition in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.