Short Interest in Quetta Acquisition Co. (NASDAQ:QETA) Decreases By 50.0%

Quetta Acquisition Co. (NASDAQ:QETA) saw a large decrease in short interest in the month of 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 presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Quetta Acquisition

Several institutional investors have recently bought and sold shares of QETA. Verition Fund Management LLC lifted its position in shares of Quetta Acquisition by 2.0% in the third quarter. Verition Fund Management LLC now owns 138,446 shares of the company’s stock valued at $1,441,000 after acquiring an additional 2,746 shares in the last quarter. Tidal Investments LLC raised its stake in Quetta Acquisition by 24.6% during the third quarter. Tidal Investments LLC now owns 20,525 shares of the company’s stock worth $214,000 after purchasing an additional 4,055 shares during the period. Virtu Financial LLC acquired a new position in Quetta Acquisition in the 3rd quarter valued at about $329,000. Wolverine Asset Management LLC grew its stake in shares of Quetta Acquisition by 31.5% in the 4th quarter. Wolverine Asset Management LLC now owns 202,192 shares of the company’s stock valued at $2,133,000 after buying an additional 48,400 shares during the period. Finally, Yakira Capital Management Inc. acquired a new stake in shares of Quetta Acquisition during the 4th quarter worth approximately $633,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Quetta Acquisition Stock Down 0.5 %

Shares of NASDAQ QETA traded down $0.06 during trading on Friday, hitting $10.71. The company had a trading volume of 613 shares, compared to its average volume of 27,475. The stock has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $10.54. Quetta Acquisition has a fifty-two week low of $10.19 and a fifty-two week high of $11.55.

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.