Quetta Acquisition Co. (NASDAQ:QETA) Sees Significant Drop in Short Interest

Posted by ABMN Staff on Mar 2nd, 2025

Quetta Acquisition Co. (NASDAQ:QETA – Get Free Report) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 200 shares, a drop of 77.8% from the January 31st total of 900 shares. Based on an average daily volume of 17,800 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Quetta Acquisition

Several institutional investors have recently made changes to their positions in QETA. Toronto Dominion Bank purchased a new stake in shares of Quetta Acquisition during the 4th quarter valued at approximately $6,496,000. Mizuho Securities USA LLC raised its position in shares of Quetta Acquisition by 652.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 451,403 shares of the company’s stock valued at $4,672,000 after buying an additional 391,402 shares during the period. Berkley W R Corp raised its position in shares of Quetta Acquisition by 113.2% during the 4th quarter. Berkley W R Corp now owns 429,118 shares of the company’s stock valued at $4,527,000 after buying an additional 227,884 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Quetta Acquisition during the 3rd quarter valued at approximately $1,599,000. Finally, Bulldog Investors LLP raised its position in shares of Quetta Acquisition by 42.3% during the 4th quarter. Bulldog Investors LLP now owns 342,120 shares of the company’s stock valued at $3,616,000 after buying an additional 101,675 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Quetta Acquisition Price Performance

QETA opened at $10.67 on Friday. The company’s 50 day simple moving average is $10.61 and its two-hundred day simple moving average is $10.51. Quetta Acquisition has a 1-year low of $10.17 and a 1-year high of $11.55.

Quetta Acquisition Company Profile

(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.