Quetta Acquisition Co. (NASDAQ:QETA) Sees Significant Drop in Short Interest

Quetta Acquisition Co. (NASDAQ:QETA) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 200 shares, a decline of 77.8% from the January 31st total of 900 shares. Based on an average daily trading volume, of 17,800 shares, the short-interest ratio is presently 0.0 days.

Quetta Acquisition Trading Down 0.0 %

QETA stock opened at $10.67 on Friday. Quetta Acquisition has a 12-month low of $10.17 and a 12-month high of $11.55. The business’s 50-day moving average is $10.61 and its 200 day moving average is $10.51.

Institutional Investors Weigh In On Quetta Acquisition

Institutional investors have recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in Quetta Acquisition by 24.6% in the 3rd quarter. Tidal Investments LLC now owns 20,525 shares of the company’s stock worth $214,000 after buying an additional 4,055 shares during the last quarter. Virtu Financial LLC purchased a new position in Quetta Acquisition in the 3rd quarter worth approximately $329,000. Yakira Capital Management Inc. purchased a new position in Quetta Acquisition in the 4th quarter worth approximately $633,000. Verition Fund Management LLC lifted its stake in Quetta Acquisition by 2.0% in the 3rd quarter. Verition Fund Management LLC now owns 138,446 shares of the company’s stock worth $1,441,000 after purchasing an additional 2,746 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Quetta Acquisition in the 3rd quarter worth approximately $1,599,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

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.