Quetta Acquisition Co. (NASDAQ:QETA - Get Free Report) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 4,500 shares, a drop of 15.1% from the December 31st total of 5,300 shares. Based on an average trading volume of 21,900 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On Quetta Acquisition
Hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC lifted 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 acquiring an additional 4,055 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Quetta Acquisition in the 3rd quarter valued at $329,000. Verition Fund Management LLC boosted its holdings in 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. Wolverine Asset Management LLC acquired a new position in Quetta Acquisition during the third quarter worth $1,599,000. Finally, Berkley W R Corp bought a new position in Quetta Acquisition during the third quarter valued at about $2,093,000. Institutional investors and hedge funds own 84.33% of the company's stock.
Quetta Acquisition Price Performance
QETA traded up $0.09 during trading on Wednesday, reaching $10.62. 173 shares of the stock traded hands, compared to its average volume of 5,294. Quetta Acquisition has a fifty-two week low of $10.16 and a fifty-two week high of $11.55. The stock's 50-day simple moving average is $10.57 and its two-hundred day simple moving average is $10.47.
About Quetta Acquisition
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Get Free Report)
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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