Short Interest in Quetta Acquisition Corporation (NASDAQ:QETA) Increases By 78.7%

Quetta Acquisition Corporation (NASDAQ:QETAGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 479 shares, an increase of 78.7% from the April 30th total of 268 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 382 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Quetta Acquisition in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Quetta Acquisition

Quetta Acquisition Stock Performance

Quetta Acquisition stock opened at $11.27 on Thursday. The business has a fifty day moving average of $11.55 and a two-hundred day moving average of $11.46. Quetta Acquisition has a twelve month low of $10.80 and a twelve month high of $13.07.

Quetta Acquisition (NASDAQ:QETAGet Free Report) last posted its earnings results on Friday, May 15th. The company reported $0.00 earnings per share for the quarter.

Institutional Trading of Quetta Acquisition

A hedge fund recently bought a new stake in Quetta Acquisition stock. Clear Street Group Inc. acquired a new stake in shares of Quetta Acquisition Corporation (NASDAQ:QETAFree Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 17,577 shares of the company’s stock, valued at approximately $197,000. Clear Street Group Inc. owned about 0.47% of Quetta Acquisition at the end of the most recent quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

About Quetta Acquisition

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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.

Further Reading

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