Quetta Acquisition Corporation (NASDAQ:QETA) Short Interest Update

Quetta Acquisition Corporation (NASDAQ:QETA) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 90 shares, a decrease of 91.7% from the June 30th total of 1,084 shares. Based on an average daily volume of 9,469 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Quetta Acquisition Price Performance

NASDAQ QETA traded down $0.13 on Friday, hitting $11.61. The stock had a trading volume of 997 shares, compared to its average volume of 4,834. Quetta Acquisition has a one year low of $10.82 and a one year high of $13.07. The company’s 50-day moving average is $11.65 and its two-hundred day moving average is $11.55.

Quetta Acquisition (NASDAQ:QETA) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.00) EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Quetta Acquisition in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.