Quetta Acquisition Co. (NASDAQ:QETA) Short Interest Down 50.0% in March

Quetta Acquisition Co. (NASDAQ:QETA) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 50.0% from the February 28th total of 200 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 19,200 shares, the days-to-cover ratio is presently 0.0 days.

Quetta Acquisition Stock Performance

NASDAQ:QETA opened at $10.72 on Friday. Quetta Acquisition has a one year low of $10.19 and a one year high of $11.55. The business has a fifty day moving average price of $10.65 and a 200-day moving average price of $10.55.

Institutional Trading of Quetta Acquisition

Several hedge funds have recently bought and sold shares of QETA. Wolverine Asset Management LLC lifted its position in shares of Quetta Acquisition by 31.5% during the 4th quarter. Wolverine Asset Management LLC now owns 202,192 shares of the company’s stock valued at $2,133,000 after buying an additional 48,400 shares in the last quarter. Berkley W R Corp purchased a new position in Quetta Acquisition during the third quarter valued at approximately $2,093,000. Tidal Investments LLC boosted its position in shares of Quetta Acquisition by 24.6% in the third quarter. Tidal Investments LLC now owns 20,525 shares of the company’s stock worth $214,000 after purchasing an additional 4,055 shares during the period. Verition Fund Management LLC increased its stake in shares of Quetta Acquisition by 2.0% in the third quarter. Verition Fund Management LLC now owns 138,446 shares of the company’s stock worth $1,441,000 after purchasing an additional 2,746 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Quetta Acquisition during the 3rd quarter valued at $329,000. Institutional investors own 84.33% of the company’s stock.

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.