Quetta Acquisition Co. (NASDAQ:QETA) Short Interest Down 50.0% in March

Quetta Acquisition Co. (NASDAQ:QETA) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 50.0% from the February 28th total of 200 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 19,200 shares, the short-interest ratio is currently 0.0 days.

Quetta Acquisition Stock Performance

Shares of QETA stock traded down $0.06 during trading hours on Friday, hitting $10.71. The company had a trading volume of 613 shares, compared to its average volume of 27,475. The company’s fifty day moving average is $10.65 and its 200 day moving average is $10.54. Quetta Acquisition has a fifty-two week low of $10.19 and a fifty-two week high of $11.55.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC grew its stake in shares of Quetta Acquisition by 24.6% in the third quarter. Tidal Investments LLC now owns 20,525 shares of the company’s stock valued at $214,000 after buying an additional 4,055 shares in the last quarter. Virtu Financial LLC purchased a new position in Quetta Acquisition during the 3rd quarter valued at about $329,000. Yakira Capital Management Inc. acquired a new position in Quetta Acquisition in the 4th quarter valued at about $633,000. Verition Fund Management LLC increased its stake 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 purchasing an additional 2,746 shares during the period. Finally, Berkley W R Corp acquired a new stake in shares of Quetta Acquisition during the third quarter worth about $2,093,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

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.