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

Posted by Eileen French on Feb 1st, 2025

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

Quetta Acquisition Stock Up 0.2 %

Shares of NASDAQ:QETA traded up $0.02 during midday trading on Friday, hitting $10.63. The company had a trading volume of 237 shares, compared to its average volume of 5,402. Quetta Acquisition has a 12 month low of $10.16 and a 12 month high of $11.55. The firm has a fifty day simple moving average of $10.57 and a 200 day simple moving average of $10.46.

Hedge Funds Weigh In On Quetta Acquisition

Institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC acquired a new position in Quetta Acquisition during the third quarter valued at approximately $1,599,000. Mizuho Securities USA LLC grew its holdings in shares of Quetta Acquisition by 652.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 451,403 shares of the company’s stock valued at $4,672,000 after buying an additional 391,402 shares during the period. Verition Fund Management LLC increased its position in shares of Quetta Acquisition by 2.0% in the 3rd quarter. Verition Fund Management LLC now owns 138,446 shares of the company’s stock valued at $1,441,000 after buying an additional 2,746 shares in the last quarter. Berkley W R Corp acquired a new stake in Quetta Acquisition during the 3rd quarter worth $2,093,000. Finally, Virtu Financial LLC bought a new position in Quetta Acquisition during the third quarter worth about $329,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Quetta Acquisition Company Profile

(Get Free Report)

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.