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

Quetta Acquisition Co. (NASDAQ:QETA) saw a significant 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 presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC acquired a new stake in Quetta Acquisition during the third quarter worth approximately $1,599,000. Mizuho Securities USA LLC grew its position in shares of Quetta Acquisition by 652.3% during 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 during the period. Verition Fund Management LLC grew its position in shares of Quetta Acquisition by 2.0% during the 3rd quarter. Verition Fund Management LLC now owns 138,446 shares of the company’s stock worth $1,441,000 after buying an additional 2,746 shares during the period. Berkley W R Corp bought a new stake in shares of Quetta Acquisition in the 3rd quarter valued at $2,093,000. Finally, Virtu Financial LLC acquired a new position in shares of Quetta Acquisition during the 3rd quarter valued at $329,000. 84.33% of the stock is owned by institutional investors.

Quetta Acquisition Price Performance

NASDAQ QETA traded up $0.11 during mid-day trading on Wednesday, reaching $10.73. 148 shares of the stock were exchanged, compared to its average volume of 6,386. Quetta Acquisition has a one year low of $10.16 and a one year high of $11.55. The stock has a 50 day simple moving average of $10.58 and a 200-day simple moving average of $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.