Quetta Acquisition Corporation (NASDAQ:QETA) Sees Significant Growth in Short Interest

Quetta Acquisition Corporation (NASDAQ:QETA) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,084 shares, a growth of 106.1% from the June 15th total of 526 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 932 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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 data from MarketBeat, the stock presently has an average rating of “Sell”.

Quetta Acquisition Stock Down 1.9%

Shares of Quetta Acquisition stock traded down $0.22 during trading on Wednesday, reaching $11.52. 997 shares of the company traded hands, compared to its average volume of 5,284. Quetta Acquisition has a 1-year low of $10.82 and a 1-year high of $13.07. The company has a 50 day moving average price of $11.63 and a 200-day moving average price of $11.53.

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

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.