Quetta Acquisition Corporation (NASDAQ:QETA) Shares Shorted: Short Interest Down 37.8% in September

Quetta Acquisition Corporation (NASDAQ:QETA) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 56 shares, a decline of 37.8% from the August 31st total of 90 shares. Based on an average daily volume of 372 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Quetta Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Quetta Acquisition presently has a consensus rating of “Hold”.

Quetta Acquisition Price Performance

Shares of NASDAQ:QETA traded down $0.03 during trading on Friday, hitting $11.76. The company had a trading volume of 325 shares, compared to its average volume of 5,743. The company has a fifty day simple moving average of $11.62 and a two-hundred day simple moving average of $11.59. Quetta Acquisition has a one year low of $11.02 and a one year high of $13.07.

Quetta Acquisition (NASDAQ:QETA) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.24 earnings per share (EPS) for the quarter.

About Quetta Acquisition

Quetta Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, acquisition, stock exchange, or similar combination.

Unlike an operating company, Quetta Acquisition does not appear to offer products or services directly and has limited business operations before completing a transaction. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a suitable business combination.

Publicly available information about the company’s target industry, geographic focus, operating history, and leadership is limited.