Quetta Acquisition Co. (NASDAQ:QETA - Get Free Report) 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 trading volume of 21,000 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC grew its stake in Quetta Acquisition by 24.6% in the third quarter. Tidal Investments LLC now owns 20,525 shares of the company's stock valued at $214,000 after purchasing an additional 4,055 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Quetta Acquisition in the 3rd quarter worth approximately $329,000. Yakira Capital Management Inc. bought a new position in shares of Quetta Acquisition during the 4th quarter worth approximately $633,000. Verition Fund Management LLC lifted its position in Quetta Acquisition by 2.0% during the third quarter. Verition Fund Management LLC now owns 138,446 shares of the company's stock valued at $1,441,000 after acquiring an additional 2,746 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in Quetta Acquisition in the third quarter valued at approximately $1,599,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.
Quetta Acquisition Price Performance
QETA stock remained flat at $10.70 during trading on Friday. 93 shares of the company traded hands, compared to its average volume of 4,583. The stock's 50-day moving average price is $10.59 and its two-hundred day moving average price is $10.48. Quetta Acquisition has a 12 month low of $10.16 and a 12 month high of $11.55.
Quetta Acquisition Company Profile
(
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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.
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