Short Interest in Quetta Acquisition Corporation (NASDAQ:QETA) Decreases By 91.7%

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

Quetta Acquisition Price Performance

Shares of QETA traded down $0.13 during midday trading on Friday, hitting $11.61. The company had a trading volume of 997 shares, compared to its average volume of 4,835. The company’s 50 day moving average price is $11.65 and its 200 day moving average price 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) EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Quetta Acquisition in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently 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.