Quetta Acquisition Corporation (NASDAQ:QETA) Short Interest Update

Quetta Acquisition Corporation (NASDAQ:QETA) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 268 shares, an increase of 116.1% from the April 15th total of 124 shares. Based on an average trading volume of 115 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.0% of the company’s shares are sold short.

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 the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,577 shares of the company’s stock, valued at approximately $197,000. Clear Street Group Inc. owned 0.47% of Quetta Acquisition as of its most recent filing with the Securities and Exchange Commission. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Quetta Acquisition Price Performance

Shares of QETA opened at $11.94 on Friday. Quetta Acquisition has a twelve month low of $10.70 and a twelve month high of $13.07. The firm has a fifty day simple moving average of $11.49 and a two-hundred day simple moving average of $11.42.

Quetta Acquisition (NASDAQ:QETA) last released its quarterly earnings data on Friday, May 15th. The company reported $0.00 earnings per share (EPS) for the quarter.

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.