Quetta Acquisition Co. (NASDAQ:QETA) Short Interest Update

Quetta Acquisition Co. (NASDAQ:QETA) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 4,800 shares, a growth of 17.1% from the October 15th total of 4,100 shares. Based on an average daily volume of 28,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Verition Fund Management LLC boosted its position in Quetta Acquisition by 2.0% during the third 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 during the period. Virtu Financial LLC grew its stake in Quetta Acquisition by 104.2% in the 1st quarter. Virtu Financial LLC now owns 44,133 shares of the company’s stock valued at $449,000 after buying an additional 22,519 shares during the last quarter. Whitebox Advisors LLC bought a new position in Quetta Acquisition in the 1st quarter worth $305,000. Clear Street LLC lifted its position in Quetta Acquisition by 875.0% during the 2nd quarter. Clear Street LLC now owns 76,368 shares of the company’s stock worth $790,000 after acquiring an additional 68,535 shares during the last quarter. Finally, K2 Principal Fund L.P. bought a new stake in Quetta Acquisition during the second quarter valued at about $1,154,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Quetta Acquisition Price Performance

Quetta Acquisition stock remained flat at $10.50 during mid-day trading on Friday. 57,672 shares of the company’s stock traded hands, compared to its average volume of 16,956. Quetta Acquisition has a 52-week low of $10.07 and a 52-week high of $10.50. The business has a fifty day moving average price of $10.43 and a 200 day moving average price of $10.37.

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.