Quetta Acquisition Corporation (NASDAQ:QETA) Short Interest Up 106.1% in June

Quetta Acquisition Corporation (NASDAQ:QETA) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,084 shares, an increase of 106.1% from the June 15th total of 526 shares. Based on an average trading volume of 932 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Quetta Acquisition in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Quetta Acquisition Price Performance

Shares of NASDAQ QETA traded down $0.12 during midday trading on Friday, reaching $11.62. The company’s stock had a trading volume of 997 shares, compared to its average volume of 5,283. Quetta Acquisition has a 12-month low of $10.82 and a 12-month high of $13.07. The firm has a 50 day moving average price of $11.63 and a 200-day moving average price of $11.54.

Quetta Acquisition (NASDAQ:QETA) last released its earnings results on Friday, May 15th. The company reported ($0.00) earnings per share (EPS) for the quarter.

Quetta Acquisition Company Profile

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.