Short Interest in Quetta Acquisition Co. (NASDAQ:QETA) Declines By 15.1%

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QETA. Tidal Investments LLC grew its stake in shares of Quetta Acquisition by 24.6% in the 3rd quarter. Tidal Investments LLC now owns 20,525 shares of the company’s stock valued at $214,000 after purchasing an additional 4,055 shares during the period. Virtu Financial LLC bought a new position in shares of Quetta Acquisition during the third quarter valued at $329,000. Berkley W R Corp bought a new stake in shares of Quetta Acquisition in the 3rd quarter worth about $2,093,000. Verition Fund Management LLC increased its position 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 worth $1,441,000 after purchasing an additional 2,746 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its position in shares of Quetta Acquisition by 652.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 451,403 shares of the company’s stock worth $4,672,000 after purchasing an additional 391,402 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Quetta Acquisition Stock Up 0.2 %

QETA stock traded up $0.02 during trading on Friday, reaching $10.63. 237 shares of the stock were exchanged, compared to its average volume of 5,402. The stock has a 50 day simple moving average of $10.57 and a 200-day simple moving average of $10.46. Quetta Acquisition has a twelve month low of $10.16 and a twelve month 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.