Quetta Acquisition Co. (NASDAQ:QETAU – Get Free Report) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 24 shares, a growth of ∞ from the June 30th total of 0 shares. Based on an average trading volume of 386 shares, the days-to-cover ratio is currently 0.1 days.
Quetta Acquisition Stock Performance
Shares of QETAU stock traded down $0.01 during trading on Wednesday, reaching $11.50. The company’s stock had a trading volume of 100 shares, compared to its average volume of 2,706. The business has a fifty day moving average price of $11.77 and a 200-day moving average price of $11.52. Quetta Acquisition has a one year low of $10.70 and a one year high of $13.79.
About Quetta Acquisition
Quetta Acquisition (NASDAQ:QETAU) is a special purpose acquisition company (SPAC) incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank-check vehicle, the company itself does not operate any business but seeks to identify and combine with one or more target companies that meet its investment criteria.
Since its formation, Quetta Acquisition has focused on raising capital through an initial public offering and holding those proceeds in a trust account while it evaluates potential business combination opportunities.
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