Quetta Acquisition Co. (NASDAQ:QETA) Short Interest Update

Quetta Acquisition Co. (NASDAQ:QETA) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 4,800 shares, a growth of 17.1% from the October 15th total of 4,100 shares. Based on an average trading volume of 28,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Clear Street LLC raised its holdings in shares of Quetta Acquisition by 875.0% in the second quarter. Clear Street LLC now owns 76,368 shares of the company’s stock valued at $790,000 after acquiring an additional 68,535 shares in the last quarter. K2 Principal Fund L.P. acquired a new position in shares of Quetta Acquisition during the second quarter worth $1,154,000. Wolverine Asset Management LLC acquired a new stake in shares of Quetta Acquisition in the 3rd quarter worth $1,599,000. Virtu Financial LLC increased its position in Quetta Acquisition by 104.2% during the 1st quarter. Virtu Financial LLC now owns 44,133 shares of the company’s stock valued at $449,000 after buying an additional 22,519 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in shares of Quetta Acquisition by 2.0% during the third quarter. Verition Fund Management LLC now owns 138,446 shares of the company’s stock valued at $1,441,000 after acquiring an additional 2,746 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Quetta Acquisition Stock Performance

Shares of QETA stock remained flat at $10.50 on Friday. 57,672 shares of the company were exchanged, compared to its average volume of 16,956. Quetta Acquisition has a 1 year low of $10.07 and a 1 year high of $10.50. The stock’s 50-day simple moving average is $10.43 and its two-hundred day simple moving average is $10.37.

About Quetta Acquisition

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.