Quetta Acquisition Corporation (NASDAQ:QETA) Stock Short Interest Falls 37.8%

Quetta Acquisition Corporation (NASDAQ:QETA) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 56 shares, a drop of 37.8% from the August 31st total of 90 shares. Based on an average trading volume of 372 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Quetta Acquisition Trading Down 0.2%

QETA stock traded down $0.03 on Thursday, hitting $11.79. The company had a trading volume of 4,005 shares, compared to its average volume of 5,766. Quetta Acquisition has a 12-month low of $11.02 and a 12-month high of $13.07. The stock’s 50-day simple moving average is $11.62 and its 200 day simple moving average is $11.59.

Quetta Acquisition (NASDAQ:QETA) last released its quarterly earnings results on Friday, August 14th. The company reported $0.24 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Quetta Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Quetta Acquisition Company Profile

Quetta Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, acquisition, stock exchange, or similar combination.

Unlike an operating company, Quetta Acquisition does not appear to offer products or services directly and has limited business operations before completing a transaction. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a suitable business combination.

Publicly available information about the company’s target industry, geographic focus, operating history, and leadership is limited.