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

Quetta Acquisition Co. (NASDAQ:QETA) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 4,500 shares, a decrease of 15.1% from the December 31st total of 5,300 shares. Based on an average trading volume of 21,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Quetta Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QETA. Tidal Investments LLC boosted its position 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 purchasing an additional 4,055 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Quetta Acquisition in the 3rd quarter valued at $329,000. Verition Fund Management LLC boosted its holdings 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 buying an additional 2,746 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Quetta Acquisition during the third quarter valued at $1,599,000. Finally, Berkley W R Corp purchased a new position in Quetta Acquisition in the third quarter valued at $2,093,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Quetta Acquisition Trading Down 0.8 %

Shares of NASDAQ:QETA traded down $0.08 on Monday, hitting $10.51. 769 shares of the company were exchanged, compared to its average volume of 5,677. Quetta Acquisition has a 1-year low of $10.16 and a 1-year high of $11.55. The stock’s 50 day moving average price is $10.57 and its 200 day moving average price is $10.46.

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.