Short Interest in Quetta Acquisition Co. (NASDAQ:QETA) Declines By 15.1%

Quetta Acquisition Co. (NASDAQ:QETA - Get Free Report) experienced a noticeable decrease in short interest during January. As of January 15th, short interest stood at 4,500 shares, which is a decrease of 15.1% from the 5,300 shares reported on December 31st. Considering the average daily trading volume of 21,900 shares, this results in a current short-interest ratio of just 0.2 days.

Institutional Inflows and Outflows

Recently, several major investors have adjusted their holdings in Quetta Acquisition. For instance, Tidal Investments LLC increased its stake by 24.6% in the third quarter and now owns 20,525 shares valued at $214,000 after acquiring an additional 4,055 shares during this period. Additionally, Virtu Financial LLC invested in a new position during the same quarter worth $329,000. Meanwhile, Berkley W R Corp acquired a new stake valued at about $2,093,000 during the third quarter. Verition Fund Management LLC also grew its position by 2.0%, now holding 138,446 shares worth $1,441,000 after buying 2,746 additional shares last quarter. Lastly, Mizuho Securities USA LLC saw a significant increase in its holdings by 652.3%, accumulating 451,403 shares valued at $4,672,000 after purchasing an extra 391,402 shares last quarter. Overall, institutional investors and hedge funds currently hold approximately 84.33% of QETA's stock.

Quetta Acquisition Stock Up 0.2%

On Friday, QETA shares saw a slight increase of 0.2%, trading up by $0.02 to reach $10.63. A total of 237 shares changed hands, which is lower than the average volume of 5,402 shares. The stock has a 50-day simple moving average of $10.57 and a 200-day simple moving average of $10.46. Over the past year, the stock has recorded a low of $10.16 and a high of $11.55.

Quetta Acquisition Company Profile

Quetta Acquisition Corporation is focused on executing a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or other related business combinations with one or more companies. The firm intends to concentrate on the financial technology sector in Asia. Established in 2023, the company operates from its base in New York, New York.

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