Quetta Acquisition Co. (NASDAQ:QETA) Short Interest Down 80.0% in January

Quetta Acquisition Co. (NASDAQ:QETA) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 900 shares, a decrease of 80.0% from the January 15th total of 4,500 shares. Based on an average daily trading volume, of 21,000 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Quetta Acquisition

A number of large investors have recently modified their holdings of the company. Tidal Investments LLC raised its holdings in Quetta Acquisition by 24.6% during the third quarter. Tidal Investments LLC now owns 20,525 shares of the company’s stock worth $214,000 after buying an additional 4,055 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Quetta Acquisition during the third quarter worth about $329,000. Verition Fund Management LLC raised its holdings 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 worth $1,441,000 after acquiring an additional 2,746 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Quetta Acquisition in the 3rd quarter worth about $1,599,000. Finally, Berkley W R Corp bought a new position in Quetta Acquisition in the 3rd quarter valued at about $2,093,000. 84.33% of the stock is currently owned by institutional investors.

Quetta Acquisition Stock Up 1.0 %

NASDAQ:QETA traded up $0.11 on Wednesday, hitting $10.73. The stock had a trading volume of 148 shares, compared to its average volume of 6,386. Quetta Acquisition has a 52 week low of $10.16 and a 52 week high of $11.55. The business’s fifty day moving average is $10.58 and its 200 day moving average is $10.48.

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.