Quetta Acquisition Co. (NASDAQ:QETA) Sees Significant Increase in Short Interest

Quetta Acquisition Co. (NASDAQ:QETA) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 4,800 shares, an increase 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 presently 0.2 days.

Quetta Acquisition Price Performance

Shares of QETA stock remained flat at $10.50 during trading hours on Friday. 57,672 shares of the stock were exchanged, compared to its average volume of 16,956. The firm has a fifty day moving average of $10.43 and a two-hundred day moving average of $10.37. Quetta Acquisition has a twelve month low of $10.07 and a twelve month high of $10.50.

Institutional Trading of Quetta Acquisition

Large investors have recently added to or reduced their stakes in the company. Periscope Capital Inc. acquired a new stake in shares of Quetta Acquisition during the first quarter worth approximately $4,218,000. Mizuho Securities USA LLC lifted its position in Quetta Acquisition by 652.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 451,403 shares of the company’s stock worth $4,672,000 after buying an additional 391,402 shares in the last quarter. Berkley W R Corp acquired a new stake in shares of Quetta Acquisition during the 3rd quarter valued at $2,093,000. Wolverine Asset Management LLC purchased a new position in shares of Quetta Acquisition during the 3rd quarter valued at $1,599,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of Quetta Acquisition in the second quarter worth $1,154,000. 84.33% of the stock is owned by institutional investors and hedge funds.

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.