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

Quetta Acquisition Co. (NASDAQ:QETA) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the February 28th total of 200 shares. Based on an average daily volume of 19,200 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Quetta Acquisition

Several large investors have recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in shares of Quetta Acquisition by 24.6% in the third 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 period. Virtu Financial LLC purchased a new position in Quetta Acquisition during the third quarter valued at approximately $329,000. Yakira Capital Management Inc. purchased a new stake in Quetta Acquisition in the 4th quarter worth approximately $633,000. Verition Fund Management LLC boosted its stake in shares of Quetta Acquisition by 2.0% during the 3rd quarter. Verition Fund Management LLC now owns 138,446 shares of the company’s stock valued at $1,441,000 after buying an additional 2,746 shares during the period. Finally, Berkley W R Corp acquired a new position in shares of Quetta Acquisition in the third quarter worth $2,093,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Quetta Acquisition Stock Performance

QETA traded down $0.04 during trading hours on Friday, hitting $10.72. 165,507 shares of the stock were exchanged, compared to its average volume of 28,432. Quetta Acquisition has a 12 month low of $10.19 and a 12 month high of $11.55. The stock has a 50-day simple moving average of $10.65 and a 200-day simple moving average of $10.54.

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.